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South Korea's SK Innovation says refining margins to gradually improve in Q2

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SK Innovation Co Ltd, the owner of South Korea's top refiner SK Energy, said on Thursday refining margins are likely to gradually improve in the ...

SK Innovation Co Ltd, the owner of South Korea's top refiner SK Energy, said on Thursday refining margins are likely to gradually improve in the second quarter due to demand recovery backed by easing COVID-19 impact.

FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-JiSEOUL: SK Innovation Co Ltd, the owner of South Korea's top refiner SK Energy, said on Thursday refining margins are likely to gradually improve in the second quarter due to demand recovery backed by easing COVID-19 impact.

The company posted an operating profit of 503 billion won in the January-March quarter, compared with an operating loss of 1.8 trillion won in the same period a year earlier.

 

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