s
Global EditionASIA 中文双语Français
Business
Home / Business / SOE

Sinopec's revenue, net profit improves in Q3

By Zheng Xin | chinadaily.com.cn | Updated: 2020-10-29 09:56
Share
Share - WeChat
The company logo of China's Sinopec Corp is displayed at a news conference, on March 26, 2018. [Photo/Agencies]

China Petrochemical Corporation, which is known as Sinopec, Asia's biggest refiner, saw its revenue and net profit significantly improve during the third quarter, with net income reaching 46.39 billion yuan ($6.92 billion) during the July-September period, Sinopec said in a filing to the Shanghai Stock Exchange on Wednesday.

It attributed the profit upsurge to a robust refining business and domestic demand recovery.

The company's refinery crude throughput reached 63.5 million tons during the third quarter, up 2 percent year-on-year. Refined oil production reached 38 million tons, up 11.2 percent compared with the previous quarter, it said.

Domestic fuel sales were 45.44 million tons over the period, up 0.4 percent compared with the previous quarter.

Sinopec had churned out a total of 210.65 million barrels of crude oil as of the end of September, down 1 percent year-on-year, and 772.14 billion cubic feet of natural gas, 0.2 percent lower from a year earlier.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE