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SK Innovation Co. said Friday it turned to the red in the second quarter as falling oil prices and thinner margins hurt its profitability. The company logged an operating loss of 106.8 billion won ($83.2 million) in the April-June period, compared with the 2.32 trillion-won operating profit a year ago, the energy unit of SK Group said in a regulatory filing. Revenue fell 5.9 percent to 18.72 trillion won. It reported.
SK Innovation Swings to Red in Q2 on Falling Oil Prices koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.