http://bit.ly/pTXAJL
HONG KONG -(Dow Jones)- China Petroleum & Chemical Corp. (SNP), or Sinopec, stated Sunday that its first-fifty percent net profit rose twelve% because of to stronger contribution from its oil-creation business. The firm, Asia's greatest refiner in terms of potential, mentioned its net revenue for the six months ended June thirty was CNY41.17 billion ($ 6.44 billion), up from CNY36.eighty billion a 12 months before, according to international accounting requirements The outcome was previously mentioned the average CNY31. billion forecast of 6 analysts. Initial-50 percent income rose 32% to CNY1,233.three billion from CNY937.7 billion. Beijing's Sinopec proposed a initial-half dividend of CNY0.ten, up from CNY0.08 a year before. Copyright © 2011 Dow Jones Newswires