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SINOPEC SEG Expects 2016 Net Profit Down 45-55%
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2017/01/13 17:23
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SINOPEC SEG (02386.HK)  -0.170 (-2.640%)    Short selling $4.37M; Ratio 23.959%   issued a profit warning, predicting that the net profit after tax of the
group for the twelve months ended 31 December 2016 will decrease by approximately 45% to 55% yearly, mainly due to the decrease in investments in the domestic and overseas oil refining, petrochemical and new coal chemical industries as a result of the global economic downturn and the persistence of low global oil prices in 2016, fierce competition in the engineering market and other factors.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2017-01-16 16:25.)



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