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SINOPEC CORP Craters ~4% in Early Session as 2024 NP Slips 16%+, Div. Drops
Recommend 28 Positive 54 Negative 49 |
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SINOPEC CORP (00386.HK) opened 2.1% lower at $4.16 this morning (24th), and its losses widened in the early session. The stock last shed 3.76% to an immediate market low of $4.09, with 63.3077 million shares traded, involving $261 million. The stock announced its 2024 results yesterday (23rd), with operating income of RMB3.07 trillion, down 4.3% YoY. Profit amounted to RMB48.939 billion, down 16.1%, with EPS of RMB0.404. A final DPS of RMB0.14 was declared, compared to RMB0.2 in the same period of 2023. This, combining with interim dividend, total DPS was RMB0.286, compared to RMB0.345 for 2023. In accordance with the PRC Accounting Standards for Business Enterprises (CASS), net profit attributable to equity shareholders amounted to RMB50.313 billion, down 16.8%, with an EPS of RMB0.415. AAStocks Financial News |
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