20 August 2019

Sinopec 2013 net profit up 3.5%, Xinhua says

China Petroleum and Chemical Corporation (Sinopec), the country’s largest oil refiner, said its net profit rose 3.5 percent year on year to 66.13 billion yuan (US$10.76 billion) in 2013, Xinhua reported. The refinery sector gained 3.2 percent to 131.13 billion yuan last year, ending two years of losses, the report said. Sinopec produced 443 million barrels of crude oil, up 3.48 percent from a year earlier but crude oil profits fell 21.8 percent to 54.8 billion yuan, it said. 

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