Samsung SDI widens loss in Q3 after demise of Galaxy Note 7s

Samsung SDI, a battery supplier for Samsung Electronics' Galaxy Note 7 phones, posted a worse-than-expected operating loss in the third quarter, weighed down by the termination of the fire-prone devices.
The Samsung Electronics affiliate posted an operating loss of 110 billion won ($96.33 million) for the July-to-September period, compared with a loss of 48 billion won a year earlier and a consensus forecast of a loss of 55 billion won.
Analysts said Samsung SDI supplied about 60% of the batteries for the Note 7, which Samsung scrapped earlier this month due to over-heating problems. The remaining 30% were provided by China's Amperex Technology Limited (ATL).

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