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Economy

China's oil giant Sinopec Q1-Q3 net profit up 11.2 pct on yr

October 28, 2016


Abstract : China's largest oil refiner Sinopec (600028.SH, 0386.HK, SNP.NYSE) Thursday reported 11.2 percent year-on-year growth in its net profit in the first three quarters of 2016, which came to 30.107 billion yuan.

BEIJING, Oct. 28 (Xinhua) - China's largest oil refiner Sinopec (600028.SH, 0386.HK, SNP.NYSE) Thursday reported 11.2 percent year-on-year growth in its net profit in the first three quarters of 2016, which came to 30.107 billion yuan.

According to the perform report of the company, its earnings per share stood at 0.249 yuan in the first three quarters.

Sinopec attributed the net profit growth in the first three quarters to stronger effort in structural adjustment and management and prioritized production and operation. (Edited by Li Xiaohui, lixh@xinhua.org)

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Keyword: Sinopec net-profit Q1-Q3

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