[Special Stock] S-Oil, Industry's Only Q4 Profit Turnaround... Hits 52-Week High
[Asia Economy Reporter Park Jihwan] S-Oil has hit a 52-week high. This is interpreted as a positive factor due to being the only domestic refinery among the four companies to record a profit in the fourth quarter of last year.
As of 10:35 AM on the 15th, S-Oil is trading at 88,000 KRW, up 5,300 KRW (6.41%) from the previous day. Early in the session, it surged to 89,100 KRW, marking a 52-week high.
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On the 28th of last month, S-Oil announced that its operating profit for the fourth quarter of last year was 93.1 billion KRW, successfully turning a profit from a 9.3 billion KRW loss in the third quarter. Among the four domestic refineries?SK Innovation, GS Caltex, and Hyundai Oilbank?S-Oil was the only one to record an operating profit.
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