Sinopec's ethylene output up in H1, to generate 2.75mn in H2
29 Aug '05
4 min read
The Board of Directors has approved the payment of an interim dividend of RMB 0.04 per share for the first half of 2005. This is equivalent to RMB 4.00 (US$0.48) per American Depositary Share (ADS).
Refining The Company strengthened facilities operations management to reach full utilization in order to meet market demand. This was accomplished while improving the overall quality standards of refined products as well as implementing facilities maintenance requirements. In the first half of the year, crude processing volumes reached 68.08 million tons, a 4.77% increase compared to the same period last year.
Marketing and Distribution The Company focused on meeting domestic market demand through various procurement channels. Total domestic sales of refined products reached 50.77 million tonnes, an increase of 11.61% compared to the same period last year. The Company also proactively expanded its market, resulting in an increase in retail and direct sales. The proportion of retail and direct sales to the Company's total domestic sales increased to 78.69% from 76.24% in the same period last year. Furthermore, the widespread application of IC cards at petrol stations reached new highs as the cards were used in 13,000 petrol stations.
Chemicals Segment In the first half of 2005, capitalizing on the upturn cycle in the chemical sector, the Company fully utilized the newly added production capacity and reinforced operation management to ensure safe, long-term and full-capacity production.
marketing@alchempro.com
