SINOPEC NET PROFIT RMB1.130 BLN
SINOPEC - SINOPEC Engineering (Group) Co., Ltd. ("SEG" or the "Company") announced its annual results for the twelve months period ended 31 December 2017 at a news conference in Hong Kong. Ling Yiqun, Vice President of Sinopec Group and Chairman of SEG, attended the conference.
For the year 2017, the Company’s revenue was RMB36.209 billion, its net profit was RMB1.130 billion; asset-liability ratios remained low and cash flow performance remained strong. The Board recommended a final dividend of RMB0.144 per Share for the year 2017. After taking into account the interim dividend of RMB0.056 per Share, the total dividend for the year will be RMB0.200 per Share, the annual payout ratio is 79%.
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