[Market Focus] "2025 Net Loss, No Dividend" SK Innovation Drops 3.86%
SK Innovation's stock price is weak after the company posted a net loss of over 5 trillion won last year and decided not to pay dividends.
As of 10:33 a.m. on January 28, SK Innovation was trading at 107,200 won, down 4,300 won (-3.86%) from the previous trading day.
On this day, SK Innovation announced that its consolidated operating profit for last year was provisionally tallied at 448.1 billion won, up 25.8% from the previous year. Revenue increased by 8.2% to 80.296 trillion won, but net profit plunged by 127.9%, resulting in a loss of 5.4061 trillion won.
SK Innovation stated, "This fluctuation was due to the deterioration of global market conditions, a decline in product margins, and asset impairment losses," adding, "We have decided not to pay dividends based on the performance and changes in the business environment for 2025."
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The company also added, "Going forward, we will continue efforts to return value to shareholders and enhance corporate value, depending on improvements in cash flow and financial conditions."
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