China's Sinopec's interim profit down 20.1% on lower oil prices

China's Sinopec's interim profit down 20.1% on lower oil prices

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Chinese refining giant Sinopec (OTC: ) Corp reported on Sunday a 20.1% fall in interim net profit for the first half of the year compared with the year-ago period, to 35.11 billion yuan ($4.82 billion), on lower crude prices despite higher refinery output and growth in fuel sales. Sinopec, the…

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