[ET Net News Agency, 19 October 2021] Sinopec Shanghai Petrochemical Company Limited
(00338) said for 1 January 2021 to 30 September 2021,net profit attributable to equity
shareholders of the company and its subsidiaries is estimated to be between RMB1.769
billion to RMB2.162 billion, a turnaround from loss to profit as compared with the
corresponding period in 2020.
In 2020, due to the dual impact of the COVID-19 pandemic and the plunge in oil prices,
the gross profit of the company's products suffered significant shrinks and resulting in
losses in the first three quarters of 2020. Since 2021, the demand for petroleum and
petrochemical products significantly improved, which resulted in a rise in the prices of
major products. The company seized the opportunity to optimize its operation, took
effective measures to improve performance, and persisted in lowering cost and reducing
fees. As a result, the operating performance has been improved significantly. (RC)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00338 SHANGHAI PECHEM
Nominal 
1.050 +0.020 (+1.942%) Others
19/10/2021 09:16
Sinopec Pechem (00338) expects to record 9-month profit
| Remark: | Real time quote last updated: 19/04/2024 18:00 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |