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Chinese petrochemical company Sinopec reported sales of RMB2.105 trillion in FY2008.

Photo: China Petrochemical

China Petrochemical Corporation, a group of petrochemical companies, reduced sales and other operating revenues by RMB 2.88 billion in fiscal year 2020, which ended December 31, 2020, to RMB 2.959.8 billion in the previous fiscal year. It is reported that it has decreased in comparison. The annual EBIT (earnings before interest and tax) was RMB 57.6 billion (FY19: RMB 100 billion).

“While domestic demand for refined oil products has declined and growth in natural gas demand has slowed, demand for petrochemical products has remained at a rapid pace,” the group said in a press release.

The profit attributable to shareholders of the company was RMB33 billion (RMB57.5 million).

The group also expects demand for refined oil products to gradually recover in 2021 and continued increase in demand for natural gas and petrochemical products, with international oil prices expected to be higher than last year. Said.

Fiber2Fashion News Desk (JL)

China Petrochemical Corporation, a group of petrochemical companies, reduced sales and other operating revenues by RMB 2.88 billion in fiscal year 2020, which ended December 31, 2020, to RMB 2.959.8 billion in the previous fiscal year. It is reported that it has decreased in comparison. The annual EBIT (earnings before interest and tax) was RMB 57.6 billion (FY19: RMB 100 billion).



Chinese petrochemical company Sinopec reported sales of RMB2.105 trillion in FY2008.

Source link Chinese petrochemical company Sinopec reported sales of RMB2.105 trillion in FY2008.

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