Seoul:SKC announced a third-quarter net loss of 128.5 billion won (US$95.9 million), indicating persistent financial challenges compared to the previous year.
According to Yonhap News Agency, the South Korean industrial materials manufacturer disclosed in a regulatory filing that it also recorded an operating loss of 49.6 billion won for the July-September period. This compares with a 54.9 billion won loss during the same period last year.
Despite the sustained losses, SKC reported a 26 percent increase in revenue, reaching 638.9 billion won.