China Petroleum & Chemical : Sinopec first-half profit falls 25% year-on-year over thin refining margins |
BEIJING (Reuters) - China Petroleum and Chemical Corp, or Sinopec Corp, reported a 24.7 percent drop in earnings in the first half of 2019 on Sunday, dampened by rapid growth of domestic refining capacity and waning demand for refined products.
Sinopec, Asia's largest refiner, posted a net profit of 31.
Posted: 2019-08-25 13:53:00
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