Sinopec Shanghai Petrochemical Co (HK:0338) has released an update.
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Sinopec Shanghai Petrochemical Company Limited reported a significant drop in net profit for the third quarter of 2024, with a 97.53% decline compared to the same period last year. Despite a 9.87% decrease in revenue, the company managed to maintain positive cash flow from operating activities. This performance highlights challenges in the petrochemical sector, posing potential concerns for investors and stakeholders.
For further insights into HK:0338 stock, check out TipRanks’ Stock Analysis page.