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SHI - Sinopec Shanghai Petrochemical: 13Q1 Net Profit CNY 173 Mn

Prepared by ChinaScope Financial | Source:Company Disclosure

  • Sinopec Shanghai Petrochemical Co., Ltd. (00338: HKG; 600688: SHA; SHI: NYSE) announced that company net profit attributable to common shareholders for the first quarter of 2013 was CNY 173 million, a turnaround from a net loss of CNY 190 million in the same period of 2012. Earnings per share for the first quarter stood at CNY 0.024. In the first quarter of 2013, the company made CNY 28.9 billion in revenue, an increase of 22.5 percent on a year earlier.
  • Sinopec Shanghai Petrochemical Co., Ltd. is primarily engaged in petroleum and petrochemical businesses.