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Sinopec's profit down 30% in Jan-Sep

Oct. 29, 2012 (China Knowledge) - Sinopec Group, the parent co of Sinopec<600028><0386>, Asia's largest oil refiner, has said its net profit attributable to shareholders decrease 30% YoY to RMB 41.95 billion in the first nine months of this year.

Basic earnings per share for the period were RMB 0.48, down 30.2% from a year earlier.

From January to September 2012, the oil refiner saw its operation revenue amount to RMB 676.69 billion, more than RMB 641.83 it realized in the corresponding period of last year.

The company produced 2.45 million barrels of crude oil in the first nine months of this year, reflecting a YoY increase of 2.32%, while its natural gas output for the period rose 14.69% YoY to 438.4 billion cubic meters.

Meanwhile, its output of ethylene decreased 4.51% YoY to 7.02 million metric tons.







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