Sinopec Shanghai Petrochemical (SHI) Swings to Q3 Profit
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Shanghai Petrochemical Announces Results for the Third Quarter of 2015
October 22, 2015 9:56 AM EDTHONG KONG, Oct. 22, 2015 /PRNewswire/ -- 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 nine-month period ended September 30, 2015 (the "Period").
Under the China Accounting Standards for Business Enterprises, the Group's revenue for the Period amounted to RMB61.558 billion (corresponding period of 2014: RMB76.719 billion). It recorded an operating profit of RMB2.919 billion (corresponding period of 2014: an operating loss of RMB252 million). Net profit attributable to equity shareholders of the Company was... More
