S-Oil Reports Operating Loss of 1.0877 Trillion KRW Last Year, Turning to Deficit
[Asia Economy Reporter Lee Seon-ae] S-OIL announced on the 28th that its consolidated operating loss for last year was tentatively estimated at 1.0877 trillion KRW, turning to a deficit compared to the previous year (operating profit of 420.1 billion KRW). Sales decreased by 31% year-on-year to 16.8297 trillion KRW. Net loss turned to a deficit of 787.5 billion KRW. Operating profit for the fourth quarter increased by 880.5% year-on-year to 93.1 billion KRW.
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