S-OIL Reports Operating Loss of 1.0877 Trillion KRW Last Year... Returns to Deficit
[Asia Economy Reporter Hwang Yoon-joo] S-OIL announced on the 28th that its consolidated operating loss last year was tentatively estimated at 1.0877 trillion KRW, turning to a deficit from an operating profit of 420.1 billion KRW the previous year.
Sales decreased by 31% compared to the previous year to 16.8297 trillion KRW, and net loss turned to 787.5 billion KRW.
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Operating profit in the fourth quarter increased by 880.5% year-on-year to 93.1 billion KRW. During the same period, sales and net profit were 4.2803 trillion KRW and 129.7 billion KRW, respectively.
This content was produced with the assistance of AI translation services.
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