KG Mobility turns to loss in Q3

KG Mobility Corp. on Monday reported its third-quarter net loss of 52 billion won (US$37.6 million), turning from a profit of 12.5 billion won a year earlier. The company said in a regulatory filing that it posted an operating loss of 40 billion won for the July-September period, compared with a profit of 14.3 billion won a year ago. Revenue fell 0.6 percent to 899.2 billion won. Source: Yonhap News Agency