Shanghai Petrochemical return to profit in first half

27-Apr-07
Shanghai Petrochemical a fuel producer and China's largest ethylene producer reported first quarter net profit of US$138 million. For Q1 2006, the company had posted a net loss of US$ 20 million. Shanghai Petrochemical's Q1 revenue rose to US$ 1.65 billion a growth of 11% over the corresponding period last year
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