SKC(011790) said in a filing on the 27th that, on a consolidation basis for the second quarter of this year, its operating loss was 14.4 billion won, down 79% from a year earlier, based on preliminary figures.
During the same period, revenue was 645.4 billion won, up 38.3% from a year earlier. Net loss was 82.2 billion won, up 1,995%.
Earnings before interest, taxes, depreciation and amortization (EBITDA), a cash generation metric, was 29.1 billion won, posting a profit for a second straight quarter.
The chemicals business posted revenue of 317.8 billion won and operating profit of 30.5 billion won. Production and sales volumes fell due to global supply chain uncertainty, but higher prices for PG (propylene glycol) and PO (propylene oxide) had a positive impact on results.
The copper foil business recorded quarterly record revenue of 254 billion won. In the second half, the company plans to pursue a Malaysia-centered production and sales system to improve costs.
The semiconductor materials business posted revenue of 72.9 billion won and operating profit of 21.3 billion won. Sales of test sockets for AI data centers rose 66% from a year earlier.
An SKC official said, "In the second half, we will improve profitability by enhancing operational efficiency," and added, "We will strengthen the technological competitiveness of new businesses to build a mid- to long-term growth foundation."