SINOPEC Engineering Co., Ltd. Provides Group Earnings Guidance for the Full Year Ended December 31, 2018
January 10, 2019 at 08:02 am EST
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SINOPEC Engineering (Group) Co., Ltd. announced that, based on the information currently available to the company, it is expected that the net profit after tax of the Group for the twelve months ended 31 December 2018 calculated in accordance with the International Financial Reporting Standards has increased by approximately 40% to 50% as compared to that in 2017.
Sinopec Engineering Group Co Ltd is a China-based company mainly engaged in the engineering, procurement and construction contracting (EPC) business. The Company operates four segments. Engineering, Consulting and Licensing segment provides design, consulting, research and development, feasibility studies, compliance certification services to oil refining and chemical industries. EPC Contracting segment provides integrated engineering, procurement, construction, maintenance and project management services to oil refining and chemical industries. Construction segment provides infrastructure for oil refining and chemical industries, oil and gas storage, pipelines transportation, construction, renovation, expansion, repair and maintenance services and large equipment lifting and transportation services in construction projects. Equipment Manufacturing segment engages in the design, development, manufacture and sales of equipment and spare parts for oil refining and chemical facilities.