Shanghai Petrochemical reports improved operating income Share 31st October 2011 Shanghai Petrochemical has reported the unaudited operating results of the company and its subsidiaries for the nine-month period ending 30 September 2011. As per the China Accounting Standards for Business Enterprises, the company’s operating income increased by 33.64% to 73.7bn yuan ($11.6bn), over the corresponding period of the previous year. For the period, the company’s operating profit declined marginally, amounting to 2.192bn yuan ($350m) while net profit stood at 1.652bn yuan ($260m). Shanghai Petrochemical chairman Rong Guangdao said the company will continue to focus on the operation of its plants, to increase its production, including scaling up construction activity for its sixth phase project.