Home / Knowledge / News / Textiles / Petrochemical major Sinopec reports extraordinary profits in Q1
Petrochemical major Sinopec reports extraordinary profits in Q1
04
May '09
In the first quarter of this year, Sinopec achieved 11.19 billion Yuan in net profits, a year-on-year increase of 84.7 percent. The company expects its achievements in the first half of 2009 to grow by more than 50 percent year-on-year.

In the first quarter, income from refining operations registered 7.328 billion Yuan. Processed volume of crude oil touched 40,514,200 tons, down 3.27 percent year-on-year, but up 1.21 percent from the fourth quarter of 2008.

However, due to shrinking market demand, sales volume of processed oil in domestic market decreased by 12.42 percent year-on-year, and 6.18 percent from the previous quarter; of which, the volume of retail sales decreased by 14.35 percent.

Sinopec continued to increase crude oil output to 10,395,600 tons in the first quarter, an increase of 0.61 percent year-on-year. Operating income from exploration and mining sector was 2.756 billion Yuan, significantly lower than 11.54 billion Yuan over the same period last year.

In the first quarter, production of ethylene and synthetic resin decreased by 12.22 percent and 3.30 percent year-on-year, but up 3.41 percent and 4.52 percent, respectively, from the previous quarter.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search