China Petroleum & Chemical or Sinopec (SHA:600028, HKG:0386) expects an attributable profit of between 20.1 billion yuan and 21.6 billion yuan in the first half of 2025, down 40% to 44% from 35.7 billion a year prior, a Thursday Hong Kong bourse filing said.
The petrochemical company attributed the forecast to a significant drop in international crude oil prices, intense competition, and low chemical margin among other factors.
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