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KRX:010950

5 stories mentioning KRX:010950Updated 7d ago

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Asia

South Korea's Kospi Falls on Higher Oil Prices as Middle East Tensions Rise

South Korea's Kospi closed lower on Thursday as surging oil prices amid escalating Middle East tensions stoked inflation concerns ahead of key U.S. inflation data.Investors awaited the U.S. producer price index due later Thursday and consumer inflation data on Friday, which could influence the U.S. Federal Reserve's interest-rate outlook.The Korea Composite Stock Price Index, or Kospi, decreased by 17.72 points, or about 0.3%, to close at 7,033.92. The Kosdaq, however, rose by 6.55 points, or 0.8%, to close at 836.92.Reports of explosions in Iran's coastal regions added to geopolitical uncertainty, while U.S. President Donald Trump said the war could end after November's midterm elections and predicted lower oil prices.Explosions in Iran's coastal regions added to geopolitical uncertainty, while President Donald Trump said the war could end after November's midterm elections. Brent crude was little changed at $101.22 a barrel, and WTI rose 0.3% to $96.33..In economic news, South Korea plans to put in place measures that boost economic recovery and growth through structural reforms, Deputy Prime Minister Koo Yun-cheol said at the Economic Relations Ministers' Meeting on Wednesday.Koo noted that nominal gross domestic product rose 26.4% in the second quarter on an on-year basis, which was the fastest growth in 47 years, while employment increased by 184,000 in August.Koo expects that it'll be faster to achieve a per capita gross national income of $40,000.The government plans to unveil steel industry upgrade measures in Q4 and ease regulations on Knowledge Industry Centers, alongside inspections targeting fraudulent activities.In corporate news, S-Oil (KRX:010950) secured a petroleum products supply agreement worth 4.115 trillion won from NongHyup Agribusiness Group, according to a Thursday filing with the Korea Exchange.The petroleum products will be supplied across the country's central region, including Seoul, Incheon, Daejeon, and Sejong, and the southern region, including Busan, Daegu, and Ulsan, the filing said.Shares of S-Oil fell over 7% at market close.

^KOSDAQKOSPIKRX:010950
Asia

S-Oil Wins KRW4.115 Trillion Petroleum Products Supply Agreement; Shares Decline 7%

S-Oil (KRX:010950) secured a petroleum products supply agreement worth 4.115 trillion won from NongHyup Agribusiness Group, according to a Thursday filing with the Korea Exchange.The petroleum products will be supplied across the country's central region, including Seoul, Incheon, Daejeon, and Sejong, and the southern region, including Busan, Daegu, and Ulsan, the filing said.Shares of S-Oil fell nearly 7% in recent trade.

KRX:010950
Asia

S-Oil Declares Interim Cash Dividend of KRW 800 Per Share

S-Oil (KRX:010950) has declared an interim cash dividend of 800 won per share for both common and preferred stock, with a total payout of 93.1 billion won.The dividend payment is scheduled for Sept. 15, according to a bourse filing on Monday.Preferred shares account for 3.07 billion won of the total dividend, while 184,080 treasury preferred shares are excluded from the payout.The dividend yield stands at 0.6% for common shares and 1.3% for preferred shares, based on the one-week average stock price.

KRX:010950
Asia

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.

KRX:010950
Asia

DL E&C Reports Worker Fatality at S-Oil's Shaheen Project in Ulsan

DL E&C (KRX:375500) disclosed the death of a worker at S-Oil's (KRX: 010950) Shaheen petrochemical project in Ulsan, according to a Tuesday regulatory filing with the Korea Exchange.DL E&C is part of a consortium, alongside Hyundai E&C and Hyundai Engineering, responsible for carrying out the project's core Package One. This phase covers the construction of the site's steam cracker and thermal crude-to-chemicals facilities.The worker's body was discovered seated at the very bottom of a drum at the construction site. Local police and the Ministry of Employment and Labor are expected to conduct an on-site inspection and establish measures to prevent a recurrence, the filing said.Shares of DL E&C and S-Oil rose more than 1% in recent trade.

KRX:010950KRX:375500

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