Nov 04, 2024 / 06:00AM GMT
Katie Ahlgrim - S-Oil Corp. - Treasurer
Good morning. This is Katie Ahlgrim, Treasurer of S-Oil.
I'd like to extend my gratitude to our investors and analysts in and out of Korea for joining Os conference call for Q2 earnings results.
Today we have a CFO, J-W Bang, IR team leader JW Ahn, and team members.
First. I will take you through the highlights of Q2 results.
The company posted KRW168.6 billion in operating income in Q2, 2024 refining margin which fell during the quarter reduced quarter on quarter operating income.
However, other business segments supported overall results as petrochemical businesses showed improved results and performance of the LBO business remained stable although international oil price was volatile during the quarter with ups and downs. It was pretty much the same as both NWQ one and Q2.
As a result. Overall impact of oil price movement on Q2 income including inventory and the margin impact was not very different from that of Q1 entering into Q3 Asian gasoline markets that hit the bottom in Q2 is gaining upward momentum
Q3 2024 S-Oil Corp Earnings Call Transcript
Nov 04, 2024
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