SK Innovation sees solid Q2 refining margin backed by China reopening, summer driving season
SEOUL :SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said on Thursday it expects a"solid" refining margin in the second quarter, backed by China's reopening and the summer driving season.
The company posted an operating profit of 375 billion won for the first quarter ended March, versus 1.6 trillion won a year earlier. It said it plans to carry out routine maintenance scheduled for its No.5 crude distillation unit and No. 1 residue fluid catalytic cracker in Ulsan in the second quarter.
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