Sinopec profit up 24.1% in H1
Updated: 2013-08-26 09:01
(Xinhua)
|
|||||||||||
BEIJING -- The net profit of China Petroleum and Chemical Corporation (Sinopec), China's largest oil refiner, rose 24.1 percent in the first half of 2013 from a year earlier, the company said on Sunday.
Its net profit hit 29.42 billion yuan ($4.77 billion) during the six-month period, and its sales revenue grew 5 percent to 1.42 trillion yuan, according to a company statement.
The rises in the company's revenue mainly resulted from the growth in domestic demand for petroleum and chemical products, and the country's improved price formation mechanism for product oil, the statement said.
Related Stories
Sinopec Engineering sees profits rise sharply 2013-08-20 16:33
Sinopec to invest billions in green development 2013-07-30 22:02
Sinopec, Shell, Total to build shared lubricants park in Singapore 2013-07-17 11:01
Sinopec opens lubricant plant in Singapore 2013-07-11 16:31
Sinopec opens lubricant plant in Singapore 2013-07-11 16:31
Today's Top News
Foreigners nabbed for personal info trafficking
Caution urged in online reporting of violence
Group renting debate revived by boy's death
Public mixed over changes to train ticket returns
Concerns of growth at cost of environment
Scientists want stricter control of bird markets
Metro offers passengers books to borrow
Beijing seeks to cement relations with Singapore
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Universities seek more enrollment from abroad |
Public opposition defuses nuke plans |
Summer Guide Special |
New study reveals corruption pattern |
Righting the wrongs of patent rights |
Graduates hope to bust graft |