Sinopec Shanghai Petrochemical Co., Ltd (600688.SH) forecast that it had returned to profit in 2015.
According to an announcement released by the company in January 15, the compare forecast its net profit at 3.14-3.34 billion yuan for 2015, compared to the net loss of 716 million yuan in 2014.
The company attributed the profit gain to reduction of its crude processing cost and increased income from investment by jointly run business.
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