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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery, ET Auto

SK Innovation: "While we saw drops in EV battery shipment in the first quarter caused by customers battery inventory adjustment, we expect to see improved market environment backed by launches of new EVs in North America," SK On Chief Financial Officer Kim Kyunghoon said in a post-earnings conference call.

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SK Innovation Forecasts Breakeven, Posts Strong Q1 Profit

SK Innovation Forecasts Breakeven, Posts Strong Q1 Profit
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SK Innovation On EV Growth: SK Innovation projects slower growth in global EV demand, ET Auto

SK Innovation On EV Growth: The result was far below an average analyst forecast of 558 billion won profit compiled by LSEG SmartEstimate. The company said its petrochemical business swung to a loss due to weaker refining margins and lower prices.

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SK Innovation s battery unit aims to be profitable in Q4, shares soar

SK Innovation Co Ltd, parent of battery maker SK On, said on Friday its battery business targets to turn a profit in the current quarter after it posted a forecast-beating operating profit in.

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