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.
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Thursday, July 24, 2008
Sinopec Shanghai expects 700 mln yuan Q2 loss despite govt subsidy
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