Seoul: SK IE Technology Co. on Wednesday reported its second-quarter net loss of 19 billion won (US$13.8 million), remaining in the red compared with a year ago.

According to Yonhap News Agency, the company stated in a regulatory filing that it continued to post an operating loss of 53.7 billion won for the April-June period, compared with a loss of 58.7 billion won a year earlier. Despite the ongoing losses, the company's revenue rose by 34.1 percent to 82.7 billion won.

The financial results highlight the challenges that SK IE Technology is facing as it attempts to navigate through its fiscal difficulties. The increase in revenue suggests that there is potential for recovery, yet the persistence of the net loss underscores the hurdles that remain.

The company has not disclosed specific strategies to mitigate these losses in the future, but the growth in revenue might signal new opportunities for recovery. Stakeholders and investors will likely be closely monitoring upcoming quarters to see if the company can turn this revenue growth into profitability.