logo
Share SHARE
FONT-SIZE Plus   Neg

China Petroleum & Chemical FY12 Profit Declines - Quick Facts

China Petroleum & Chemical Corp.(SNP, 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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Goldman Sachs downgraded the rating of retailer Target Corp. Thursday to sell from neutral over concerns about its increasing competition with e-commerce giant Amazon.com Inc. Target's price target was reduced to $67 from $77. It is expected that the retailer's efforts to compete with Amazon will result in sluggish sales and profits. Catabasis' phase II trial of Edasalonexent in boys affected by Duchenne muscular dystrophy is ongoing, and top-line results are anticipated in the first half of Q1 2017. American Express Co. (AXP) Thursday reported a drop in fourth-quarter profit, as revenues declined 4 percent due to absence of Costco portfolio while provisions for bad loans and marketing costs increased. Earnings fell short of Wall Street estimates, while revenues trumped expectations. New York-based...
comments powered by Disqus
RELATED NEWS
Trade SNP now with 
Follow RTT