31OCT2019 - NEWS - SK Innovation Q3 net plunges 62 % on inventory losses

SK Innovation Co., South Korea's top refiner, said Thursday that its third-quarter net profit tumbled 62 percent from a year earlier on inventory losses.

Net profit stood at 174.2 billion won ($149 million) on a consolidated basis in the July-September period, compared with 459.4 billion won a year earlier, the company said in a regulatory filing.