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SK Innovation sees refining margins gradually improving in 2021

SEOUL, Jan 29 (Reuters) - SK Innovation Co Ltd, the owner of South Korea’s top refiner SK Energy, said on Friday refining margins are expected to gradually recover in 2021 backed by recovering demand as the impact of COVID-19 eases.

The company posted an operating loss of 243 billion won ($217.76 million) in the October-December quarter, compared with an operating profit of 88 billion won for the same period a year earlier. ($1 = 1,115.9000 won) (Reporting by Heekyong Yang and Joyce Lee; Editing by Jacqueline Wong)

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