S-Oil Corp (XKRX:010950)

₩ 67900 100 (0.15%) Market Cap: 7.83 Til Enterprise Value: 12.03 Til PE Ratio: 9.30 PB Ratio: 0.88 GF Score: 91/100

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Q1 2020 S-Oil Corp Earnings Call (English, Korean) Transcript

Apr 27, 2020 / 07:00AM GMT

Release Date Price: ₩71500 (+1.71%)

Transcript

Cho Yong;kuk

S-OIL Corporation - Treasurer

Good afternoon, everyone. Welcome to our first quarter 2020 earnings conference call. I would like to thank you all for joining us today. I am Cho Yong-kuk, the Treasurer of S-OIL Corporation. I am glad to be here today to communicate with you through the earnings conference call. Your continued support will be highly appreciated.

I (inaudible) Mr. (inaudible) and other (inaudible) members are with me here. Before Mr. [Go] presents our first-quarter financial results, I would like to start with a brief review on business environment and other performance.

The first quarter of 2020 was the worst period of time for the Company due to outbreak of COVID-19. In the first quarter the Company posted a significant operating deficit due to a messy inventory-related [growth] from the [blunt] in crude oil prices and lingering weakness of refining margin.

COVID-19 pandemic [parked] unprecedented collapse of global demand for petroleum and refined product, especially transport fuel such as jet and gasoline. Not only the refining

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