South Korea's Hyundai Oilbank posts Q3 loss

摘要

Seoul-South Korea's fourth-largest refiner Hyundai Oilbank has posted a net loss in the third quarter, despite strong sales, due to weak refining margins and foreign exchange losses, the company said November 18. Hyundai Oilbank lost Won 152.2 billion ($107.2 million) for the three months to September 30, compared with a net profit of Won 33.8 billion in the same period last year.