SK Networks swings to loss in Q4

SEOUL, SK Networks Co. on Tuesday reported its fourth-quarter net loss of 23.2 billion won (US$17.5 million), turning from a profit of 27.3 billion won a year earlier. The company said in a regulatory filing that it posted 50.5 billion won in operating profit for the quarter, compared with 38.9 billion won a year ago. Revenue fell 3.1 percent to 2.4 trillion won. Source: Yonhap News Agency