SK Global Chemical Reports Huge Rise in Operating Profits

SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, recorded operating profits of won309.8 billion ($279 million) and sales of won3.62 trillion in the third quarter of 2011. The petrochemical business recorded operating profits of won76.6 billion and sales of won2.76 trillion in the third quarter of 2010. SK Energy spun off its petrochemical, refining, and lubricants businesses into separate, wholly owned subsidiaries earlier this year. The total petrochemical product sales volume of the company decreased to 2.31 million...

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