Last Updated :
15 June 2009 at 23:00 IST
Sinopec Shanghai anticipates firm 2009 profits
Commodity Online
Sinopec Shanghai Petro-Chemical Co. Ltd (SHA:600688) has announced that it expects a net profit in the first-half of 2009 whereas considering Chinese Accounting Standards (CAS) it faced a net loss of RMB 372.8 million in first-half of 2008.
Sinopec Shanghai Petro-Chemical Co. Ltd. is a China-based petrochemical company.
Trading platform that even a 5 year old can trade. Join now Sinopec Shanghai is expecting a profit in current year on account of declining crude oil prices and from the government's revision of price caps for petroleum products.
Its Q2 2009 profit is expected to surpass Q1 2009 profit of RMB 164.4 million. However it filed a net-loss of RMB 6.2 billion in 2008.
Sinopec Shanghai closed at 8.78 on Monday at Shanghai Stock Exchange whereas it touched a 52-week high of 8.87 and low of 3.58.
MCX Silver 05 July 2012
contract was trading at
Rs 55888 , up Rs. 493 . What's your view on it?
After reading this article, people also read:
