SK Innovation Profit Misses Estimate as Refinery Margin Wanes
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SK Innovation Co., which owns South Korea’s biggest oil refiner, reported a smaller-than-expected quarterly profit as earnings from cracking crude into fuel products narrowed on weak demand.
Net income was 228 billion won ($209 million) in the three months ended Dec. 31, from 151.2 billion won a year earlier, the Seoul-based company said today in a regulatory filing. That was less than the 392.9 billion won average of 18 analyst estimates compiled by Bloomberg News