Q1 2023 S-Oil Corp Earnings Call Transcript
(foreign language)
(foreign language)
Questions & Answers
[Interpreted] Net debt to equity fell to 38%. So this is the lowest since 2017. Could you share with us the implication for your interim dividend? Could we potentially expect maybe 20% to 30% payout ratio? And also for your Shaheen Project, given your improved balance sheet, what kind of borrowing cost would you be expecting? Or maybe like a cost saving versus the market rate?
The second question is on your maintenance. I see that you have CDU/CFU/PX maintenance coming up. Could you share with us the exact month this is happening? And given the recent refining margin fall, are you considering [recut]?
And the third question is on lubricant. Lubricant margins have been strong for quite a long time. What do you think were some of the reasons? And do you think we are in a structurally stronger for longer lubricant margin environment? Or do you see potential for
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