SEOUL, Nov. 21 (Yonhap) — Aided by improved cracking margins and solid demand for petrochemical products, local oil refiners are forecast to pocket more record earnings this year, and their stellar performance may continue into next year, industry sources said Tuesday. Oil prices have been in the doldrums since 2015 on concerns of an oversupply. [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korean oil refiners, led by SK Innovation Co., delivered strong earnings for the third quarter of the year on the back of good refining margins and solid demand for key products, their filings showed on Friday. SK Innovation Co., the top oil refiner, reported an 87 percent rise [...]
SEOUL, Jul. 27 (Korea Bizwire) — Samsung Electronics Co. on Thursday said its second-quarter net profit advanced 89 percent on-year to set a new record, apparently helped by strong returns from its chip business amid an industrywide boom. Net profit came to 11 trillion won (US$9.8 billion), rising sharply from 5.8 trillion won posted a [...]
SEOUL, Feb. 5 (Korea Bizwire) – Despite global oil prices hitting a multi-year low due to a supply glut, local oil refiners pocketed decent earnings last year on the back of improved cracking margins, and their stellar performance may continue into this year, analysts say. Oil prices have been in the doldrums since early last [...]
SEOUL, Feb. 11 (Korea Bizwire) — Korea Electric Power Corp. (KEPCO), South Korea’s state-run power company, said Wednesday its net profit soared 1,505.8 percent in 2014 from a year earlier due to higher electricity rates and cheaper fuel costs. Net income reached 2.78 trillion won (US$2.55 billion) last year, compared with 174 billion won a [...]