S-Oil Swings to Profit in Q2
S-Oil (KRX:010950) posted net income attributable to owners of the parent of 514.6 billion won in the second quarter, reversing a net loss of 66.8 billion won a year earlier.Sales rose 41% to 11.343 trillion won from 8.049 trillion won for the three months ended June 30, according to a Monday filing with the Korea Exchange.Shares of the petroleum and refinery company dropped about 6% in recent trade.