IHS Chemical Week

People & Business :: Earnings/Finance

Sinopec's chemical losses narrow

11:32 AM MDT | August 26, 2013 | Deepti Ramesh

Sinopec’s chemicals segment reports an operating loss of 409 million renminbi ($67 million) in the first half of 2013 compared with an operating loss of Rmb1.25 billion in the first half of 2012. The chemicals segment reports a 5.35% rise in sales in the first half of 2013, to Rmb211.5 billion, mainly due to an increase in sales volume, Sinopec says. Chemicals sales volume increased by 7.3% in the first half of 2013 compared with the first half of 2012, to 28.06 million m.t. Sinopec's ethylene output increased by 0.64% in the first half compared with...

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