SK Global Chemical Reports Rise in Profits and Sales

SK Innovation (Seoul), formerly SK Energy, says the company’s petrochemical business, SK Global Chemical recorded operating profits of won243 billion ($226 million) and sales of won3.89 trillion in the first quarter of 2011. The petrochemical business recorded operating profits of won152 billion and sales of won3.18 trillion in the first quarter of 2010. Earlier this year, SK Energy spun off its petrochemical, refining, and lubricants businesses into separate, wholly owned subsidiaries. The company’s petrochemical business was named SK Global...

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