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768

Sinopec: Profits to Get Saturation Point

Sinopec Shanghai Petrochemical Co Ltd, announced on Tuesday it expected its first-quarter net profit to double

Sinopec Shanghai Petrochemical Co Ltd, China?s major ethylene producer, announced on Tuesday it expected its first-quarter net profit to double, in comparison to the last year profits due to "good results in its operations.?

The company is going to publish detailed press-release on the results for the first quarter on April 28.
The company's shares closed at HK$3.50 on Monday.