Seoul: SK Innovation Co., South Korea's leading refiner, on Wednesday reported its fourth-quarter net loss of 4.15 trillion won (US$2.9 billion), remaining in the red compared with a year ago.
According to Yonhap News Agency, the company said in a regulatory filing that it posted 294.7 billion won in operating profit for the quarter, compared with 175.9 billion won a year ago. Sales rose 1.9 percent to 19.67 trillion won.
The loss was 1446.3 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.