SK Gas Reports 115 Billion KRW Loss in LPG Forward Trading
[Asia Economy Reporter Minji Lee] SK Gas announced on the 19th that it incurred a loss of 114.93836 billion KRW from derivative transactions last year. This corresponds to 7% of its equity capital. The company explained, "Due to intensified fluctuations in oil and international LPG prices, an evaluation loss occurred in transactions of LPG derivative contracts used for hedging purposes."
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