SK Innovation Books 1.22 Trillion Won Derivative Trading Loss in Q2

MT Newswires Live
07/30

SK Innovation (KRX:096770) incurred a 1.22 trillion won non-operating loss from derivatives trading in the second quarter, equivalent to 3.34% of shareholders' equity.

The company recognized the loss due to the fair value measurement of price return swap (PRS) contracts under Korean accounting standards, according to a Thursday Exchange filing.

The company said the loss was primarily an unrealized valuation loss and did not involve any cash outflow.

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