Sinopec Reports $3.4 Billion Loss in First Half of 2008, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) — China Petroleum & Chemical Corporation (NYSE:SNP) (Sinopec) (Beijing) reported a $3.4 billion ($1=6.9 RMB) deficit in the first half of 2008. It earned $7.7 billion in the same period last year. Analysts say the loss is the worst that Sinopec has ever experienced.
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SOURCE: Industrial Info Resources