May 3, 2019
Volume 6 Issue 29
Tough Quarter for Korean, Pakistani Companies
South Korean base oil refiners SK Lubricants, S-Oil and Hyundai Shell Base Oil Co. each reported a steep decline in operating profit for the quarter ending March 31, mostly due to narrowed margins. Castrol India Ltd. reported an increase in first-quarter net profit and Pakistan’s Hi-Tech Lubricants Ltd. posted a steep decrease in net profit.