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China Petroleum & Chemical FY12 Profit Declines - Quick Facts

China Petroleum & Chemical Corp.(SNP: Quote, SNP.L) Sunday reported full year 2012 net profit attributable to equity shareholders of the company of RMB63.5 billion, down 11.4% year-on-year. Earnings per share for the year was RMB0.704.

Operating income was RMB2.78 billion, up 11.2% year-on-year, and operating profit was RMB87.9 billion.

In accordance with the International Financial Reporting Standards, the company reported 2012 turnover, other operating revenues and other income of RMB2.78 billion, up 11.2% year-on-year.

The board of directors of the company proposed a final cash dividend of RMB0.2 per share. In addition, the board proposed 2 bonus shares from retained earnings plus 1 bonus share from capital reserve for every 10 existing shares to all shareholders.

by RTT Staff Writer

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