Sinopec Group, the largest shareholder of Sinopec Corp., is a giant petroleum and petrochemical group incorporated by the State in 1998 based on the former China Petrochemical Corporation. Funded by the State, it is a State authorized investment arm and State-owned controlling company.

Monday, March 29, 2010

Sinopec 2009 Profit Rises

March 28th, 2010 - China Petroleum & Chemical Corp. (SNP: News , SNP.L), also known as Sinopec, reported that net profit attributable to equity shareholders of the company was RMB 61.76 billion or RMB 0.708 per share for 2009 in accordance with the International Financial Reporting Standards, compared to RMB 28.53 billion or RMB 0.289 per share in the prior year.

The company's turnover, other operating revenues and otherincome amounted to RMB 1,345.05 billion, representing a decrease of 10.0% over the same period in 2008.

In addition, the company's board of directors recommended a final dividend of RMB 0.11 per share, thus total dividend for the year reached 0.18 per share. - RTTNews

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