China's Sinopec's interim profit down 20.1% on lower oil prices
Sinopec, the world's largest refiner by capacity, reported revenues of 1.59 trillion yuan for the six months, down 1.1% from the year earlier level. During the period, Sinopec processed a total of 126.54 million metric tons of crude oil, up 4.8% versus a year ago, and its refined fuel sales rose 18.5%, to 116.6 million tons, the company said in a stock filing. Domestic fuel demand extended recovery in the second quarter after a 6.7% year-on-year increase in the first three months, led by ...
Source: yahoo.com