SK Energy’s Petchem Business Reports Rise in First-Quarter Profits and Sales

SK Energy (Seoul) says its petrochemicals business recorded an 18% rise in operating profits for the first quarter of 2010, to won152 billion ($137 million), compared with the year-ago period. Sales for the petchem business increased by 76%, to won3.18 trillion. The business recorded higher operating profits due to “healthy product spreads owing to better than expected market conditions,” SK Energy...

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