Sinopec Q1 profit doubles

May 2007
Chemical Business;May2007, Vol. 21 Issue 5, p78
Trade Publication
The article reports on the increase in the profit of China Petroleum & Chemical Corp., or Sinopec. The firm has posted a net income of 19.4 billion yuan or $2.5 billion. It is stated that Sinopec is the largest oil refining industry in Asia. Based on the company's statement to the Shanghai Stock Exchange, its net income had increased to 0.224 yuan per share in 2007 from only 0.110 yuan in 2006.


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