Sinopec Shanghai Petrochemical Records 98% Lower Attributable Net Profit in Q3

MT Newswires Live

2024/10/23

Sinopec Shanghai Petrochemical (HKG:0338, SHA:600688) recorded net profit attributable to equity shareholders of 6.6 million yuan for the third quarter of 2024, 97.53% lower than last year, a Wednesday Hong Kong bourse filing said.

The company saw earnings per share of 0.001 yuan for the three months ended Sept. 30, 96% lower than a year ago.

The petrochemical enterprise's revenue for the reporting period came in at 22.5 billion yuan, 9.87% lower than the revenue from the third quarter of last year.

Price (HKD): $1.19, Change: $-0.010, Percent Change: -0.83%

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