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Samsung SDI's net loss widened in Q4

All News 15:42 January 25, 2016

By Kang Yoon-seung

SEOUL, Jan. 25 (Yonhap) -- Samsung SDI Co., the battery-making unit of Samsung Group, said Monday its net loss widened in the fourth quarter of 2015 from a year earlier.

The net loss came to 231.3 billion won (US$194 million) in the October-December period, worsening from the net loss of 128.8 billion won posted a year earlier, Samsung SDI said in a regulatory filing.

It was also a sharp turnaround from a net profit of 502.4 billion won in the third quarter.

Sales edged down 2.53 percent on-year to 1.86 trillion won in the three-month period. The company also posted an operating loss of 80.8 billion won, compared to an operating profit of 37.2 billion won a year earlier.

Shares of Samsung SDI closed 0.49 percent higher at 102,500 won, while the market added 0.74 percent. The third-quarter result was announced after the market closed Monday.


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