Arab Today, arab today soil\s 3q net drops 555
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S-Oil\'s 3Q net drops 55.5%

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Arab Today, arab today S-Oil\'s 3Q net drops 55.5%

Seoul - Yonhap

S-Oil Corp., South Korea\'s third-largest refiner, said Thursday that its net profit tumbled 55.5 percent in the third quarter from a year earlier. Net profit came to 203 billion won (US$192 million) in the July-September period from 456 billion won a year ago, the refiner said in a regulatory filing. Sales fell 4.4 percent to 8.12 trillion won in the period, while operating profit plunged 95 percent to 25 billion won.

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