China Petroleum & Chemical or Sinopec's (HKG:0386, SHA:600028) attributable profit fell 40% to 21.5 billion yuan in the first half from 35.7 billion yuan in the year-ago period, according to a Thursday filing with the Hong Kong bourse.
Earnings per share at the Chinese oil and gas company declined to 0.177 yuan from 0.296 yuan in the prior-year period.
Operating income decreased 11% to 1.41 billion yuan from 1.58 billion yuan a year earlier.
The company declared an interim dividend of 0.088 yuan per share, payable Sept. 25 to shareholders on record as of Sept. 11.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.