SK Ie Technology swings to loss in Q1

SK Ie Technology Co. on Monday reported its first-quarter net loss of 60.3 billion won (US$43.8 million), swinging from a profit of 10.3 billion won a year earlier. The company said in a regulatory filing that it posted an operating loss of 67.4 billion won for the January-March period, compared with a profit of 1.7 billion won a year ago. Revenue fell 67.7 percent to 46.2 billion won. Source: Yonhap News Agency