SK Innovation swings to red in Q3

SK Group headquarters in Jongno District, Seoul / Korea Times file SK Innovation on Monday reported its third-quarter net loss of 588.1 billion won ($427.9 million), swinging from a profit of 729.

6 billion won a year earlier. The company said in a regulatory filing that it posted an operating loss of 423.3 billion won for the July-September period, compared with a profit of 1.



56 trillion won a year ago. Sales fell 11.2 percent to 17.

65 trillion won. The loss was 132.3 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

(Yonhap).