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Sinopec Says Net Profit up 11.5 pct in First Nine Months

Sinopec Says Net Profit up 11.5 pct in First Nine Months

Write: Dagmar [2011-05-20]
The China Petroleum & Chemical Corporation (Sinopec), the country's largest oil refiner, said Thursday its net profit hit 56.4 billion yuan (8.4 billion U.S. dollars) during the first three quarters this year, up 11.5 percent year on year.

Earnings per share stood at 0.651 yuan during the period, also up 11.5 percent, according to the third-quarter business report the company released Thursday.