default_top_notch
default_news_top
default_news_ad1
default_nd_ad1

GS Caltex Q3 net more than halves on inventory losses

기사승인 2019.11.08  09:18:40

공유
default_news_ad2

GS Caltex Corp., South Korea's second-largest refiner, said Thursday its third-quarter net profit plunged 52.8 percent from a year earlier due to inventory losses.

Net profit stood at 206.3 billion won (US$178 million) on a consolidated basis in the July-September period, compared with 436.9 billion won a year earlier, according to the company.

Operating profit tumbled 49.3 percent on-year to reach 322.2 billion won in the third quarter, with sales declining 8.8 percent on-year to 8.9 trillion won over the cited period.

GS Caltex said fluctuating international oil prices caused inventory losses in its mainstay refining business. Operating income from its refining business dropped 53.9 percent on-year to 210.9 billion won, while sales slid 6.2 percent to 7.2 trillion won in the third quarter.

GS Caltex said its petrochemical business logged an operating income of 92 billion won in the third quarter, down 33.5 percent from a year ago, while its lubricant unit's operating profit dipped 52.4 percent on-year to 19.3 billion won.

In the first nine months of 2019, GS Caltex logged sales of 24.5 trillion won, down 7.8 percent from a year ago, while its operating profit suffered a 47.7-percent on-year drop to 785.2 billion won. Net profit plunged 60 percent on-year to 341.2 billion won. (Yonhap)

Song Na-Ra edt@koreapost.com

<저작권자 © 코리아포스트 무단전재 및 재배포금지>
default_news_ad5
default_side_ad1
default_nd_ad2

인기기사

default_side_ad2

포토

1 2 3
set_P1
default_side_ad3

섹션별 인기기사 및 최근기사

default_side_ad4
default_nd_ad6
default_news_bottom
default_nd_ad4
default_bottom
#top
default_bottom_notch