SK Ie Technology shifts to red in Q2

SK IE Technology Co. on Wednesday reported its second-quarter net loss of 48 billion won (US$34.8 million), swinging from a profit of 37.1 billion won a year earlier. The company said in a regulatory filing that it posted an operating loss of 58.7 billion won for the April-June period, compared with a profit of 5.6 billion won a year ago. Revenue fell 59.3 percent to 61.7 billion won. Source: Yonhap News Agency