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S-Oil Q3 profit climbs 132.1% YOY


According to Market Intelligence, December 2022


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S-Oil Q3 profit climbs 132.1% YOY

S-Oil Corp. said its normalized net income for the third quarter came to 2,829.16 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 3,153.44 won per share.

EPS climbed 132.1% year over year from 1,219.12 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 329.36 billion won, an increase of 132.1% from 141.92 billion won in the prior-year period.

The normalized profit margin increased to 6.3% from 3.4% in the year-earlier period.

Total revenue grew 26.0% year over year to 5.212 trillion won from 4.138 trillion won, and total operating expenses rose 15.8% year over year to 4.659 trillion won from 4.022 trillion won.

Reported net income grew 132.1% from the prior-year period to 398.72 billion won, or 3,425.00 won per share, from 171.82 billion won, or 1,476.00 won per share.

As of Nov. 14, US$1 was equivalent to 1,114.97 South Korean won.