Sinopec 2014 Net Profit Down 30%

reported a 30% decline in its net profit for 2014. Sinopec's net profit for the period dropped to 46.67 billion yuan (US$7.52 billion), versus a year-ago profit of CNY66.13 billion in 2013. Its revenue slipped to CNY2.83 trillion from CNY2.88 trillion. Sinopec's board announced plans to pay a final dividend of 11 yuan cents a share, versus 15 yuan cents a share in 2013.