Seoul: SK Networks Co. on Tuesday reported its first-quarter net loss of 5.4 billion won (US$3.8 million), swinging from a profit of 7.3 billion won a year earlier. The company disclosed these financial results in a recent regulatory filing.

According to Yonhap News Agency, the filing detailed that SK Networks posted an operating profit of 16.5 billion won for the quarter, a decrease from 19.5 billion won in the same period last year. Additionally, the company's sales experienced a decline of 21.1 percent, totaling 1.63 trillion won.