South Korea's SK Innovation expects 2025 refining margins to remain flat (updated)

SK Innovation

06/02/2025 24:34

(Adds revenue, share move, paragraphs 3-4)
       SEOUL, Feb 6 (Reuters) - SK Innovation Co Ltd
 096770.KS , owner of South Korea's top refiner SK Energy, said
on Thursday it expects refining margins to remain flat in 2025
due to rising jet fuel demand, despite production increases
expected in countries such as the United States and Canada. 
    The company posted an operating profit of 159.9 billion won
($110.7 million) for the October-December period, versus a 72.6
billion won profit a year earlier.
    Fourth-quarter revenue fell 0.6% to 19.4 trillion won. 
        Shares in SK Innovation were trading down 2.5%, versus
the benchmark KOSPI's  .KS11  0.3% rise in early trade.
  

 (Reporting by Joyce Lee; Editing by Kim Coghill)
 ((joyce.lee@tr.com;))