SEOUL (Reuters) – SK Innovation Co Ltd, owner of South Korea’s top refiner SK Energy, said on Monday it expects a floor for oil prices and robust refining margins in the fourth quarter due to improved heating demand, solid U.S. economic growth and China’s proactive economic stimulus policies.
The company posted an operating loss of 423 billion won ($307.99 million) for the July-September period, versus a 1.56 trillion won profit a year earlier.
($1 = 1,373.4000 won)
(Reporting by Joyce Lee; Editing by Ed Davies)
