On top of strong refining margins, GS Caltex also posted its highest performance last year ... operating profit of nearly 4 trillion won

On top of strong refining margins, GS Caltex also posted its highest performance last year ... operating profit of nearly 4 trillion won: COMPANY / Reporter Kim Jisun / 2023-02-14 04:50:15

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

(사진=GS칼텍스)

[Alpha Biz=(Chicago) Reporter Kim Jisun] GS Caltex posted record-high earnings last year due to high oil prices and ultra-strong refining margins.

GS Caltex announced on the 13th that its consolidated operating profit reached KRW 3.9795 trillion last year, up 97.1% from a year earlier. Sales rose 69.4 percent year-on-year to 58.5321 trillion won last year. Both sales and operating profit are record highs.

However, the operating loss in the fourth quarter of last year was 51.4 billion won, turning into a deficit compared to the previous quarter.

Sales fell 10.6 percent from the previous quarter to 14.753 trillion won.

Net profit for the term was 168.9 billion won, down 57.7% from the previous quarter.

By business sector, the company posted sales of 12.2431 trillion won and operating losses of 191.9 billion won.