China Petroleum & Chemical 1st Half Net Profit Rises 40.1%

By Saurabh Chaturvedi Features Dow Jones Newswires

China Petroleum & Chemical Corp. said Sunday net profit in the first half rose 40.1% to 27.92 billion yuan ($4.20 billion) from a year ago, partly helped by gains at its refining segment and higher natural gas output.

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The company, also known as Sinopec, China's biggest refiner, said its turnover and other operating revenue rose 32.6% on the year in the first half to CNY1165.84 billion.

It said its refinery throughput for the six months ended June 30 rose 1.6% from a year ago while total sales volume of refined products rose 1.4% on year.

Write to Saurabh Chaturvedi at saurabh.chaturvedi@wsj.com

(END) Dow Jones Newswires

August 27, 2017 10:39 ET (14:39 GMT)