SK Innovation expects refining margins to post steady Q4 growth

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SEOUL : SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said on Friday that refining margins in the fourth quarter are expected to post steady growth as COVID-19 recedes and demand returns.The company posted an operating profit of 619 billion won (US$528.95 million) in the July-Septem

SEOUL : SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said on Friday that refining margins in the fourth quarter are expected to post steady growth as COVID-19 recedes and demand returns.

Revenues rose 48per cent to 12.3 trillion won from a year earlier. That compares with the 12.6 trillion won forecast of analysts in the Refinitiv SmartEstimate.

 

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