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SK Global Chemical reports fall in operating profits and sales

1:25 PM MDT | October 26, 2012 | Deepti Ramesh

SK Global Chemical, the petrochemical business of SK Innovation (Seoul)—formerly SK Energy—recorded an 18% fall in operating profits for the third quarter, ended 30 September 2012, compared with the year-ago period, to 249.9 billion South Korean won ($228 million). Third-quarter sales decreased 15%, to won3.07 trillion. The company’s overall petrochemical product sales volumes decreased to 2.07 million m.t. in the third quarter of 2012, from 2.31 million m.t. in the year-ago quarter. Ethylene sales volumes decreased to 77,000 m.t. in the third...

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