6 December 2019

Sinopec 3Q net profit up 21.56%, filing says

China Petroleum & Chemical Corp. (Sinopec) (00386.HK, 600028.CN) posted a 21.56 percent year-on-year increase in net profit for the third quarter to reach 22.18 billion yuan (US$3.64 billion), according to a regulatory filing late Tuesday. Revenue came in at 724.68 billion yuan, up 7.09 percent from a year earlier. In the first nine months, net profit surged 23.02 percent to 51.6 billion yuan while revenue climbed to 2.14 trillion yuan, up 5.69 percent from the same time a year earlier. Sinopec’s oil and gas output reached 330.79 million barrels of oil equivalent, up 4 percent year on year, it said.

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