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SK Global Chemical reports huge fall in operating profits

9:00 AM MDT | April 25, 2014 | Deepti Ramesh

SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, reports a 65.3% fall in operating profits for the first quarter of 2014 compared with the year-ago quarter, to 84.5 billion South Korean won ($81 million). First-quarter sales decreased 5.2%, to won3.11 trillion. Operating profit decreased because of lower margins in aromatics products and lower sales of olefins products, SK Innovation...

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