April 24, 2024
Industrials
SK Innovation’s Q1 net profit up 52%
[THE INVESTOR] SK Innovation said on April 25 its first-quarter earnings surged from a year earlier, thanks to better-than-expected results from its petrochemical business.
Net profit stood at 859 billion won (US$757 million) on a consolidated basis in the first quarter of the year, compared with a profit of 566 billion won a year earlier, the company said in a regulatory filing.
Operating income surged 18.9 percent on-year to reach 1 trillion won, with sales jumping 20.3 percent to 11.39 trillion won over the cited period.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Net profit stood at 859 billion won (US$757 million) on a consolidated basis in the first quarter of the year, compared with a profit of 566 billion won a year earlier, the company said in a regulatory filing.
Operating income surged 18.9 percent on-year to reach 1 trillion won, with sales jumping 20.3 percent to 11.39 trillion won over the cited period.
By Alex Lee and newswires (alexlee@heraldcorp.com)
