Socar Achieves Operating Profit of 2.9 Billion KRW in Q4 Last Year, Turning to Black
Socar announced on the 20th that its consolidated operating profit for the fourth quarter of last year was tentatively estimated at 2.963 billion KRW, achieving a turnaround to profit compared to the previous year. Sales revenue increased by 27.3% year-on-year to 122.422 billion KRW. During the same period, net loss was 3.922 billion KRW, improving by 74.8% compared to the net loss of 15.56 billion KRW in the same period last year, reducing the deficit.
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