SK Inno Reports Operating Loss of 2.5688 Trillion KRW Last Year
[Asia Economy Reporter Hwang Yoon-joo] SK Innovation posted an operating loss of 2.5688 trillion KRW last year due to the impact of the novel coronavirus disease (COVID-19).
SK Innovation announced on the 29th that its annual operating loss last year was 2.5688 trillion KRW, turning to a deficit compared to the previous year. Sales amounted to 34.1645 trillion KRW, a decrease of 30.7%.
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The company explained that the global oil and chemical markets stagnated due to COVID-19, leading to decreased demand and worsened performance; however, the battery sector experienced growth.
This content was produced with the assistance of AI translation services.
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