SK Innovation's 2016 net almost doubles on petrochemical biz, refining margin
Feb 3, 2017
SK Innovation Co., South Korea's top oil refiner, on Friday said its earnings nearly doubled last year from a year earlier, thanks to better-than-expected results from its petrochemical business and expanded refining margin.Net profit stood at 1.72 trillion won ($1.49 billion) last year, compared with a profit of 868 billion won a year earlier, the company said in a regulatory filing. (Yonhap)Operating income surged 63 percent on-year to reach a record 3.23 trillion won, while sales sank 18.3 pe