Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
SINOPEC CORP: 1Q Derivatives Biz Operates Healthily, Steadily; Downstream Biz of Associates Contributes to YoY Drop in Results
Recommend 12 Positive 15 Negative 6 |
||||
|
||||
|
SINOPEC CORP (00386.HK)'s 1FQ25 investment income fell 69.9% YoY to RMB1.647 billion. SINOPEC CORP's derivatives business operated healthily and steadily in 1Q25, while the change in profit and loss of the hedging business among investment income is a reflection of the settlement of the derivatives business in accounting, Shou Donghua, the Company's Chief Financial Officer, said. In addition, SINOPEC CORP's associates are mainly engaged in downstream business, hence their 1Q25 results declined YoY. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
