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Samsung SDI posts 299.2 billion won Q4 operating loss, halves deficit

Samsung SDI said it posted fourth-quarter revenue of 3.86 trillion won and an operating loss of 299.2 billion won, with the deficit narrowing to about half the previous quarter. It cited record quarterly sales in its energy storage system battery business, higher U.S. advanced manufacturing tax credit benefits and compensation related to lower electric vehicle battery volumes. Full-year revenue was 13.27 trillion won and the operating loss was 1.72 trillion won.