S-OIL Reports Operating Loss of 1.0877 Trillion KRW Last Year... Returns to Deficit

[Asia Economy Reporter Hwang Yoon-joo] S-OIL announced on the 28th that its consolidated operating loss last year was tentatively estimated at 1.0877 trillion KRW, turning to a deficit from an operating profit of 420.1 billion KRW the previous year.

Sales decreased by 31% compared to the previous year to 16.8297 trillion KRW, and net loss turned to 787.5 billion KRW.

Operating profit in the fourth quarter increased by 880.5% year-on-year to 93.1 billion KRW. During the same period, sales and net profit were 4.2803 trillion KRW and 129.7 billion KRW, respectively.