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People & Business :: Earnings/Finance

SK Global Chemical reports fall in operating profits

7:21 AM MDT | October 28, 2013 | Deepti Ramesh

SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, recorded a 11.5% fall in operating profits for the third quarter of 2013 compared with the year-ago quarter, to 218.6 billion South Korean won ($206 million). Third-quarter sales increased 8%, however, to won3.32 trillion. SK Global Chemical’s overall petrochemical product sales volumes increased to 2.11 million m.t. in the third quarter of 2013 from 2.07 million m.t. in the year-ago quarter. Para-xylene volumes increased to 557,000 m.t. in the quarter from 344,000...

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