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May 3, 2019

Volume 6 Issue 37

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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.