S-Oil 2023 net income down 52.6 pct to 998.2 bln won

S-Oil Corp. on Friday reported its 2023 net profit of 998.2 billion won (US$752.3 million), down 52.6 percent from a year earlier. The company said in a regulatory filing that it posted 1.41 trillion won in operating profit for the year, compared with 3.4 trillion from the previous year. Annual revenue fell 15.8 percent to 35.72 trillion won. Source: Yonhap News Agency