SK Innovation Swings to Q3 Net Income of KRW 2.59 Trillion; Shares Fall 5.08%

SK Innovation Co., Ltd. (096770.KS) reported third-quarter net income attributable to shareholders of KRW 2.59 trillion, reversing a net loss of KRW 107.86 billion a year earlier, the South Korean energy and chemical conglomerate said Wednesday. Despite the swing to profit, shares fell 5.08% to KRW 132,600 on the Korean Stock Exchange. Operating income jumped to KRW 3.70 trillion from KRW 585.63 billion in the prior year, while sales rose to KRW 28.77 trillion from KRW 20.59 trillion. The company did not disclose further details in the earnings release.