SK Innovation's profit surges sixfold on strong oil, lubricants margins

SK Innovation posted record operating profit in the third quarter, fueled by soaring refining margins amid Middle East tensions and an unprecedented earnings surge at its lubricants business. The South Korean energy giant said Thursday its quarterly operating profit jumped 532.5 percent on-year to 3.07 trillion won ($2.3 billion) in the July-September period, while revenue climbed 39.7 percent to 28.77 trillion won. The standout performer was lubricants subsidiary SK Enmove, which generated a re

Source: The Korea Herald