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SHANGHAI PETROCHEMICAL REPORTS SHARP FALL IN YR PROFIT.
Publication: AsiaPulse News Publication Date: 28-MAR-06 |
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COPYRIGHT 2006 Asia Pulse Pty Ltd
SHANGHAI, March 28 Asia Pulse - Due to lopsided crude-product prices, Shanghai Petrochemical, a subsidiary of China's top refiner Sinopec, reported a 57.08 per cent plunge in its 2005 profit, from 2004's 3.971 billion yuan (US$495 million) to 1.705 billion yuan.
The profit decrease was made over increased revenue...
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