SK Innovation expects refining margins to gradually improve in Q2

SK Innovation

30/04/2025 08:06

SEOUL, April 30 (Reuters) - SK Innovation Co Ltd 096770.KS, owner of South Korea's biggest oil refiner SK Energy, said on Wednesday it expects refining margins to gradually recover in the June quarter backed by higher driving season consumption.

The company posted an operating loss of 45 billion won  ($31.67 million) for the January-March period, versus a 625 billion won profit a year earlier.

That compared with an average analyst forecast of 393 billion won profit complied by LSEG SmartEstimate.

($1 = 1,420.6900 won)

 (Reporting by Heekyong Yang and Joyce Lee; Editing by Christian Schmollinger)

 ((Heekyong.Yang@thomsonreuters.com;))