in this issue
Regions :: North Asia :: Korea
S-Oil swings to profit, to diversify portfolio with olefins complex
9:21 AM MDT | July 24, 2014 | Natasha Alperowicz
S-Oil (Seoul) today reported improved second-quarter results and outlined investment plans under new increased ownership by Saudi Aramco, including construction of an olefins complex. S-Oil’s second-quarter net income reached 67.9 billion South Korean won ($66.2 million) compared with a net loss of won22.4 billion in the year-earlier quarter. The company says it succeeded in offsetting operating losses from weak refining margins and strong local currency through foreign exchange hedging. Revenues were up 6.4% to won7.4 trillion but the company recorded an...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee