SK Innovation Books 1.22 Trillion Won Derivative Trading Loss in Q2

MT Newswires Live
Jul 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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10