[Hyundai Oilbank Concall] "Zero Operating Loss in Q2 Due to Scheduled Maintenance Amid Oil Price Crash"
[Asia Economy Reporter Hwang Yoon-joo] Hyundai Oilbank stated in its Q2 earnings conference call that "there was zero operational loss due to scheduled maintenance in Q2."
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They added, "Based on a Singapore complex refining margin of $4 to $6, entering scheduled maintenance would reduce operating profit by 80 billion KRW, but international oil prices plummeted in Q2," explaining, "The refining margin turned negative, so there was virtually no operational loss from scheduled maintenance."
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