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Samsung SDI swings to $255m Q3 profit but misses forecasts
Samsung SDI, a South Korean battery maker, said on October 29 that its third-quarter net profit reached 342.2 billion won, or US$255.3 million, up from a net loss a year earlier.
The company’s operating income from July to September was 407.8 billion won (US$306 million), compared with a loss of 591.3 billion won (US$444 million) a year earlier.
Revenue rose 52.6% to 4.7 trillion won (US$3.51 billion).
The results missed market expectations. Analysts surveyed by Yonhap Infomax had forecast average net profit of 1.1 trillion won (US$818 million).
🔗 Source: Yonhap
