TITLE

Sinopec Q1 profit doubles

PUB. DATE
May 2007
SOURCE
Chemical Business;May2007, Vol. 21 Issue 5, p78
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
26442547

 

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