SINOPEC Engineering announced its interim results for the six months ended 30 June 2013.
Results Highlights
Business Highlights
Successful Implementation of Major Projects:
Excellent Results in Market Development: While maintaining leading advantages in traditional industries such as oil refinery and petrochemicals, the Group stepped up efforts to explore business opportunities in domestic and overseas coal chemical markets. During the Period, the Group signed a number of new contracts with total value of RMB45.080 billion, including RMB22.443 billion for domestic contracts and RMB22.637 billion for overseas contracts.
Representative domestic projects signed during the Period included:
Mr. Cai Xiyou , Chairman of SINOPEC SEG , commented, “The year 2013 marks a milestone for SINOPEC Engineering as it was listed in May on the main board of the Stock Exchange of Hong Kong. Our listing signifies that the Group has successfully tapped into the international capital markets. This is the first results announcement made since our listing. It highlights the Group’s development strategies to focus on integrated business development, internationalization, differentiation, continuous innovation and low-carbon emission and its efforts to become a world-class energy and chemical engineering enterprise. During the Period, the Group achieved 16.3% and 10.8% year-on-year growth respectively in revenue and net profit and made satisfactory operating results.”
“We also achieved promising results in market development. While retaining leadership in traditional markets, the Group actively expanded domestic coal chemical markets and stepped up efforts in overseas market exploration. During the Period, we concluded two EPC contracting agreements abroad.”
[mappress] LNG World News Staff, August 22, 2013