seoul: SK Chemicals Co. on Tuesday reported its third-quarter net loss of 11 billion won (US$8 million), shifting from a profit of 62.5 billion won a year earlier. The company attributed this downturn to various financial challenges faced during the period. According to Yonhap News Agency, SK Chemicals Co. revealed in a regulatory filing that it posted an operating loss of 12.5 billion won for the July-September period. This marks a significant decline compared to its operating profit of 83.4 billion won recorded in the same quarter last year. The report also highlights a 26.7 percent decrease in sales, amounting to 426.3 billion won. These financial results represent a notable shift for SK Chemicals, which had previously reported profitable quarters. The company is now tasked with addressing the factors contributing to these losses and strategizing for a return to profitability in upcoming quarters.