Sinopec Reports Drop in Profits on Slower Domestic and International Growth

Sinopec announced a more than 30% drop in operating profit for the first six months of the year. Revenues were 9.3% up, at Rmb1,348.1 billion ($21.3 billion).  Operating profit declined 31.4%, to Rmb40.1 billion, while net profit attributable to shareholders of the company was Rmb24.5 billion. Basic and diluted earnings per share were Rmb0.282 and Rmb0.272, respectively.   The company says that the exploration and production segment “achieved satisfactory operation performance due to the increased prices and sales volume of crude oil and natural...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers