Friday, July 18, 2008

Sinopec Shanghai cautions a net loss for H1-08

China-based oil refiner, Sinopec Shanghai Petrochemicals Co Ltd, has signaled a warning to declare a net loss for H1 ending June, 2008. This loss is estimated to be declared while announcing the interrim results on August 28, attributed to considerably escalating international crude oil costs and the price limits imposed on the refined products in China.

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