Market Overview

Sinopec H1 Net Profit Down 41%


China Petroleum & Chemical (NYSE: SNP) posted a 41% drop in its first-half earnings.

Sinopec's net profit for the period declined to 24.50 billion yuan ($3.85 billion), versus CNY41.17 billion, in the year-ago period.

Its revenue climbed 9.3% to CNY1.348 trillion, versus CNY1.233 trillion.

Sinopec shares closed at $93.30 on Friday.

Posted-In: profitEarnings News


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