(EnergyAsia, August 28, Tuesday) — China Petroleum & Chemical Corporation or Sinopec said its first half net profit jumped 65.3% to RMB566.83 billion compared with the same period last year, thanks largely to a surge in refining margins. Revenue at Asia’s largest refining company was up 15.5% to RMB554.3 billion. (US$1=RMB7.56).Sinopec’s board has proposed to…
CHINA: Sinopec Corp reports 65.3% jump in first half profits to RMB566.83 billion
Posted on August 27, 2007 by EnergyAsia