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S-Oil profit misses consensus by 81.1% in Q2


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S-Oil profit misses consensus by 81.1% in Q2

S-Oil Corp. said its normalized net income for the second quarter was 381.84 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 2,016.86 won per share.

EPS declined 87.8% year over year from 3,141.50 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 44.44 billion won, a decline of 87.9% from 365.88 billion won in the prior-year period.

The normalized profit margin declined to 1.0% from 8.7% in the year-earlier period.

Total revenue climbed 11.1% year over year to 4.665 trillion won from 4.198 trillion won, and total operating expenses increased 27.8% from the prior-year period to 4.548 trillion won from 3.557 trillion won.

Reported net income decreased 84.9% from the prior-year period to 66.92 billion won, or 575.00 won per share, from 443.56 billion won, or 3,808.54 won per share.

As of Aug. 11, US$1 was equivalent to 1,143.53 South Korean won.