Sinopec Shanghai Petrochemical (SHI) Swings to Q1 Profit
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Shanghai Petrochemical Announces Results for the First Quarter of 2015
April 23, 2015 9:27 AM EDTHONG KONG, April 23, 2015 /PRNewswire/ --Â Sinopec Shanghai Petrochemical Company Limited ("Shanghai Petrochemical" or the "Company") (HKEx: 00338; SSE: 600688; NYSE: SHI) today announced the unaudited operating results of the Company and its subsidiaries (the "Group") for the three-month period ended March 31, 2015 (the "Period").
Under the China Accounting Standards for Business Enterprises, the Group's revenue for the Period amounted to RMB19.630 billion (corresponding period of 2014: RMB24.114 billion). It recorded an operating profit of RMB63 million (corresponding period of 2014: an operating loss of RMB60 million). Net profit attributable to equity... More
