Shanghai Petrochemical turnover up 70 per cent

Chinese energy company Shanghai Petrochemical has revealed that, for the six-month period ended 30 June 2010, turnover amounted to CNY36,128.3m (£3,418.1m), representing an increase of 70.6 per cent compared with the corresponding period of the previous year,

The company also reported that profit attributable to its equity shareholders was CNY1,515.1m, which showed an increase of 51.2 per cent year-on-year.

In the first half of 2010, the group realised net sales of CNY33,678.2m, representing an increase of 76.5 per cent compared with the corresponding period of the previous year.