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Sinopec Shanghai Petrochem H1 profit soars Sinopec Shanghai Petrochemical Co., a unit of Asia's biggest oil refiner, said first-half profit jumped more than 300-fold. Net income rose to 1.8 billion yuan (US$238 million), or 0.248 yuan a share, from 5.7 million yuan, or 0.001 yuan a year earlier, the China Petroleum & Chemical Corp. unit said in a statement to Hong Kong's stock exchange Sunday. Sales rose 15 percent to 26.8 billion yuan. |
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