BRIEF-China Petroleum & Chemical Says 2024 Net Profit Down 16.8% Y/Y Under China Accounting Standard

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BRIEF-China Petroleum & Chemical Says 2024 Net Profit Down 16.8% Y/Y Under China Accounting Standard

Reuters03-23 07:40

March 23 (Reuters) - China Petroleum & Chemical 600028.SS:

0386.HK SAYS 2024 NET PROFIT DOWN 16.8% Y/Y UNDER CHINA ACCOUNTING STANDARD
SAYS 2024 NET PROFIT AT 50.3 BILLION YUAN ($6.94 billion) UNDER CHINA ACCOUNTING STANDARD
SAYS 2024 NET PROFIT AT 48.9 BILLION YUAN ($6.75 billion) UNDER IFRS
SAYS IT SETS ASIDE PROVISION FOR ASSET IMPAIRMENT FOR 7.2 BILLION YUAN ($993.30 million) IN 2024

Source text

Source text 2

Further company coverage: 600028.SS

($1 = 7.2486 Chinese yuan renminbi)

(Reporting by Beijing Newsroom)

((Xiuhao.Chen@thomsonreuters.com;))

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15:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BRIEF-China Petroleum &amp; Chemical Says 2024 Net Profit Down 16.8% Y/Y Under China Accounting Standard</title></head><body><p><span>March 23 (Reuters)</span><span> - </span>China Petroleum &amp; Chemical <span>600028.SS</span>:</p><ul><li><p><span>0386.HK</span> SAYS 2024 NET PROFIT DOWN 16.8% Y/Y UNDER CHINA ACCOUNTING STANDARD</p></li><li><p>SAYS 2024 NET PROFIT AT 50.3 BILLION YUAN ($6.94 billion) UNDER CHINA ACCOUNTING STANDARD</p></li><li><p>SAYS 2024 NET PROFIT AT 48.9 BILLION YUAN ($6.75 billion) UNDER IFRS</p></li><li><p>SAYS IT SETS ASIDE PROVISION FOR ASSET IMPAIRMENT FOR 7.2 BILLION YUAN ($993.30 million) IN 2024</p></li></ul><p>Source text</p><p>Source text 2</p><p>Further company coverage: <span>600028.SS</span></p><p>($1 = 7.2486 Chinese yuan renminbi)</p><p> (Reporting by Beijing Newsroom)</p><p> 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($6.94 billion) UNDER CHINA ACCOUNTING STANDARDSAYS 2024 NET PROFIT AT 48.9 BILLION YUAN ($6.75 billion) UNDER IFRSSAYS IT SETS ASIDE PROVISION FOR ASSET IMPAIRMENT FOR 7.2 BILLION YUAN ($993.30 million) IN 2024Source textSource text 2Further company coverage: 600028.SS($1 = 7.2486 Chinese yuan renminbi) (Reporting by Beijing Newsroom) ((Xiuhao.Chen@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}