Thursday, July 24, 2008

Sinopec Shanghai expects 700 mln yuan Q2 loss despite govt subsidy

Despite earning a profit of 2.8 bln yuan for 2007 and having received a 247 mln yuan subsidy from government for the quarter, Sinopec Shanghai Petrochemical Co Ltd. is slated face a refining loss of oover 700 mln yuan in Q2 owing to soaring cruse prices.

For more details on Sinopec Shanghai expects 700 mln yuan Q2 loss despite govt subsidy click here

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