SK Energy reports 16 pct rise in Q2 earnings

By Nam Kwang-sik
SEOUL, July 24 (Yonhap) -- SK Energy Co., South Korea's top refiner, said Friday
that its second-quarter earnings rose 16 percent from a year earlier on the
strong performance of its petrochemical division.

Net income stood at 301 billion won (US$241.7 million) in the April-June period,
compared with 259 billion won a year ago, SK Energy said in a statement.
Sales, however, fell 26 percent on-year to 8.93 trillion won due to decreased
refining margins, with operating profit plunging 67 percent to 177 billion won,
the company said.
ksnam@yna.co.kr
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