Quantcast
 
Read Larry Connors' blogShort Term Trading Strategies


 

Sinopec Shanghai Petrochemical H1 Lost CNY372.772mn

Fri. August 29, 2008; Posted: 06:16 AM
Stocks RSS
SHANGHAI, Aug 29, 2008 (SinoCast via COMTEX) -- SHI | Quote | Chart | News | PowerRating -- Sinopec Shanghai Petrochemical Co., Ltd. (NYSE: SHI; SEHK: 0338; SHSE: 600688) today reports net losses of CNY 372.772 million for January-June 2008, slumping from net profits of CNY 1.758 billion a year ago, hurt by skyrocketing international oil prices.

It gained operating profits of negative CNY 2.065 billion and total profits of negative CNY 448.939 million. It gained operating revenue of CNY 32.867 billion, rising 22.55%. Net sales revenue increased 22.01% to CNY 32.2944 billion. Gross margin of major businesses stood at negative 1.43%, plunging 13.18 percentage points.

The firm processed 5.0665 million tons of crude oil, 12.27% more than a year earlier, including 4.8933 million tons of imported oil and 173,200 tons of offshore oil. It turned out 417,300 tons of gasoline and 1.8897 million tons of diesel oil, surging 43.5% and 38.93%. Its aviation kerosene output slipped 4.15% to 336,900 tons. Ethylene output added 0.92% to 480,900 tons, and propylene turnout leaped 6.85% to 265,000 tons. It made 536,100 tons of synthetic resin and plastic, 487,900 tons of synthetic fiber raw materials and 147,700 tons of synthetic fiber.

From www.cnstock.com, Page 1, Thursday, August 28, 2008 info@SinoCast.Com

For full details on Shanghai Petrochemical (SHI) click here. Shanghai Petrochemical (SHI) has Short Term PowerRatings of 6. Details on Shanghai Petrochemical (SHI) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Most Popular News
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.