SK Innovation expects economic stimulus measures and travel demand to push up refining margins
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SEOUL, Feb 6 (Reuters) - SK Innovation Co Ltd , owner of South Korea's top refiner, SK Energy, on Tuesday said it expects economic stimulus measures and firmer travel demand backed by the lunar New Year holiday in China to push up refining margins.
The company posted an operating profit of 73 billion won ($54.75 million)for the fourth quarter ended December, versus a 765 billion won loss a year earlier. That compared with an average analyst forecast of 558 billion won profit compiled by LSEG SmartEstimate.
($1 = 1,333.2700 won) (Reporting by Heekyong Yang and Joyce Lee; Editing by Leslie Adler)
