Sinopec Q1 IFRS Operating Income RMB771.386B, Up 33.8% YoY

Author: Bill Haddad | April 27, 2022 06:56am

Financial Highlights

• In accordance with the IFRS, the Company's operating income for the first quarter was RMB 771.386 billion, up by 33.8% year on year; the net profit attributable to shareholders of the Company was RMB 23.338 billion, up by 24.3% year on year; the basic earnings per share were RMB 0.193.
• In accordance with the CASs, the net profit attributable to equity shareholders of the Company for the first quarter was RMB 22.605 billion, up by 24.5% year on year; the basic earnings per share were RMB 0.187.
• In the first quarter, all key production and operation indicators achieved growth, including processing volume of crude oil of 64.19 million tons, refined oil output of 37.36 million tons, ethylene output of 3.606 million tons, with the total operating volume of chemical products reaching 20.64 million tons, up by 4.0% year-on-year.

Posted In: SNP