SK chemicals Co. announced a significant increase in its third-quarter net income, reporting 62.8 billion won (US$46.6 million), which marks a 31.1 percent rise from the previous year.
According to Yonhap News Agency, the company, which is part of South Korea's SK Group and specializes in life sciences and chemicals, disclosed in a regulatory filing that its operating profit for the quarter reached 33.6 billion won. This is a substantial increase compared to the 15.6 billion won reported a year earlier.
Additionally, the company's sales rose by 21.5 percent, totaling 740.8 billion won for the quarter.