SK Siltron Reports Q3 Operating Profit of 76.5 Billion KRW, Down 15% YoY
[Asia Economy Reporter Dongwoo Lee] Semiconductor wafer manufacturer SK Siltron announced on the 16th that its operating profit for the third quarter of this year recorded 76.5 billion KRW, a 15.6% decrease compared to the previous year.
Third-quarter sales amounted to 439 billion KRW, an increase of 7.8% compared to the same period last year.
SK Siltron explained that sales increased alongside the growing demand for non-memory advanced products from semiconductor customers, driven by the rise in network server and mobile demand in the non-face-to-face environment due to the novel coronavirus disease (COVID-19).
However, operating profit decreased compared to the previous year due to the impact of depreciation from large-scale expansion investments, the company added.
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Meanwhile, net borrowings increased by 564.6 billion KRW compared to the end of the previous year due to the impact of acquisition financing borrowed when acquiring the SiC wafer business division from the US company DuPont in February this year.
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