Improved refining margins boost Sinopec
Source: Agencies |
April 26, 2013, Friday
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Print Edition
Print Edition
SINOPEC Corp yesterday posted a 25 percent rise in first-quarter profit as improved refining margins offset lower profits from exploration and production.
Asia's largest refiner posted a net profit of 16.7 billion yuan versus 13.4 billion yuan a year earlier, under international accounting standards.
Sinopec should benefit from China's market-oriented fuel pricing reform, analysts say.
Asia's largest refiner posted a net profit of 16.7 billion yuan versus 13.4 billion yuan a year earlier, under international accounting standards.
Sinopec should benefit from China's market-oriented fuel pricing reform, analysts say.
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