China Sinopec’s first-quarter net profit jumps 266 percent

28 April 2016, London — Sinopec Corp’s net profit jumped to almost $1 billion in the first quarter on improved refining margins, Asia’s biggest oil refiner said on Thursday. The Chinese state-owned firm’s net profit rose to 6.19 billion yuan ($955.65 million) from 1.69 billion yuan a year earlier, it said. Lower oil prices cut […] More »