SEOUL, – SK hynix Inc. on Thursday reported its third-quarter net loss of 2.18 trillion won (US$1.6 billion), swinging from a profit of 1.1 trillion won a year earlier.
The company said in a regulatory filing that it posted an operating loss of 1.79 trillion won for the July-September period, compared with a profit of 1.66 trillion won a year ago. Sales fell 17.5 percent to 9.06 trillion won.
The loss was 74.3 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency