SK Innovation's preliminary consolidated operating profit for the third quarter of this year was tallied at 3.704258 trillion won. According to a regulatory filing on the 29th, this represents a 532.5% increase from the same period last year and a 6.2% rise from the previous quarter.

Consolidated revenue for the quarter came to 28.7738009 trillion won, up 39.7% year-on-year, though down 1.3% compared to the previous quarter.

Profit from continuing operations before corporate tax expenses was recorded at 3.513785 trillion won, surging 3,862.3% year-on-year and 516.8% quarter-on-quarter.

Net income for the period reached 2.641256 trillion won, swinging to profit from a loss of 94.295 billion won a year earlier, and marking a 3,495.4% increase from the previous quarter. Net income attributable to owners of the parent company also turned to profit at 2.585822 trillion won, from a loss of 107.856 billion won in the same period last year, up 1,102.6% from the previous quarter.

The improvement trend continued in cumulative results for January through September. Consolidated cumulative revenue totaled 82.222026 trillion won, up 34.3% year-on-year, while cumulative operating profit rose 6,000.5% year-on-year to 9.353719 trillion won. Profit from continuing operations before corporate tax expenses for the period came to 5.478373 trillion won, swinging from a loss to a profit year-on-year.

Cumulative net income for the period was tallied at 3.610809 trillion won and net income attributable to owners of the parent company at 3.765224 trillion won, with both figures turning to profit from losses a year earlier.

Meanwhile, SK Innovation stated that these results are preliminary operating figures prepared under Korean International Financial Reporting Standards (K-IFRS). The company also explained that, following a change in accounting presentation, other operating income has been included in revenue, with the same standard applied to past financial figures. It added that these results are subject to change during the review by external auditors.