SK Innovation expects stable Q2 refining margins due to strong demand; Q1 operating profit increased to 625bn won.
SK Innovation, South Korea's top refiner's parent company, expects stable refining margins during Q2 due to strong demand. In Q1, the company recorded an operating profit of 625bn won ($454m), up from 375bn won in the same period the previous year. Despite a 1.5% drop in first-quarter revenue to 18.9 trillion won, its shares rose by 1.3%, while the benchmark KOSPI index increased by 0.6%.
April 29, 2024
6 Articles