Samsung SDI announced that it returned to a loss in the fourth quarter of last year (October to December), causing its stock price to drop to a recent one-year low.
Samsung SDI shares were traded at 225,500 won on the KOSPI market at 11:08 a.m. on the 24th. The stock price fell by 3.01% (7,000 won) compared to the previous day. During trading, it declined to 225,000 won, hitting a new one-year low.
Samsung SDI reported sales of 3.7545 trillion won and an operating loss of 256.7 billion won in the fourth quarter of last year. This marks the first quarterly loss for Samsung SDI in nearly eight years since the first quarter of 2017.
Samsung SDI predicted that it would be difficult to rebound in the short term as major clients continue to adjust their inventories. However, Kim Jong-sung, head of Samsung SDI's management support division, noted during a conference call after the earnings announcement that "results will significantly improve starting in the second half once uncertainties are resolved."