SK Innovation expects Q3 refining margins to stay modest

SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said on Friday it expected volatile market conditions, with third-quarter refining margins projected to stay modest.

That was due to prolonged structural supply shortages while an economic downturn could dampen demand, the company said in a statement.

Operating profit rose to 2.3 trillion won ($1.77 billion) in the second quarter ended June from 556 billion won a year earlier. ($1=1,297.6600 won)

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