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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  SK Innovation Co., Ltd.    A096770   KR7096770003

SK INNOVATION CO., LTD.

(A096770)
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SK Innovation Swung to Net Loss in 2Q

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07/28/2020 | 10:30pm EDT

By Kwanwoo Jun

SK Innovation Co. swung to a net loss in the second quarter due to weaker refining margins and lower oil prices amid sluggish demand caused by the Covid-19 pandemic.

Net loss for the quarter ended June 30 was 345.83 billion Korean won ($288.2 million) compared with net profit of KRW155.44 billion in the same quarter a year earlier, the South Korean oil refiner said Wednesday. That missed a FactSet consensus forecast for a net loss of KRW153.58 billion.

Revenue during the quarter fell 45% to KRW7.200 trillion, as the company swung to an operating loss of KRW439.74 billion from an operating profit of KRW493.67 billion.

SK Innovation expects its refining margins to improve on growing oil demand in the second half of the year thanks to stimulus and the possible recovery in the global economy.

 

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -0.05% 40.57 Delayed Quote.-37.71%
SK INNOVATION CO., LTD. 0.00% 131500 End-of-day quote.-12.33%
WTI 0.01% 38.835 Delayed Quote.-36.11%
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Financials
Sales 2020 37 625 B 33,3 B 33,3 B
Net income 2020 -1 612 B -1,43 B -1,43 B
Net Debt 2020 10 417 B 9,23 B 9,23 B
P/E ratio 2020 -7,34x
Yield 2020 1,43%
Capitalization 11 084 B 9 822 M 9 821 M
EV / Sales 2020 295x
EV / Sales 2021 253x
Nbr of Employees 6 289
Free-Float 54,9%
Chart SK INNOVATION CO., LTD.
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SK Innovation Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends SK INNOVATION CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 166 206,90 KRW
Last Close Price 131 500,00 KRW
Spread / Highest target 105%
Spread / Average Target 26,4%
Spread / Lowest Target -20,2%
EPS Revisions
Managers
NameTitle
Jun Kim President, Chief Executive Officer & Director
Jang-Woo Kim Head-Finance
Il-Soo Kim Head-Research & Development
Joon Kim Independent Director
Yoon-Kyung Ha Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SK INNOVATION CO., LTD.-12.33%9 779
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