Sinopec's Attributable Profit Slides 40% in H1

MT Newswires Live

08/21

China Petroleum & Chemical or Sinopec's (HKG:0386, SHA:600028) attributable profit fell 40% to 21.5 billion yuan in the first half from 35.7 billion yuan in the year-ago period, according to a Thursday filing with the Hong Kong bourse.

Earnings per share at the Chinese oil and gas company declined to 0.177 yuan from 0.296 yuan in the prior-year period.

Operating income decreased 11% to 1.41 billion yuan from 1.58 billion yuan a year earlier.

The company declared an interim dividend of 0.088 yuan per share, payable Sept. 25 to shareholders on record as of Sept. 11.

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