SEOUL :SK Innovation Co Ltd, 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)
