SK Global Chemical Reports Rise in Quarterly Profits and Sales

SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, recorded operating profits of won92.2 billion ($83 million) and sales of won3.35 trillion in the fourth quarter of 2011. The petrochemical business recorded operating profits of won8.8 billion and sales of won3.29 trillion in the fourth quarter of 2010. SK Energy spun off its petrochemical, refining, and lubricants businesses into separate, wholly owned subsidiaries on January 1, 2011. The total petrochemical product sales volume of the company decreased to 2.53 million...

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