BEIJING (Bloomberg) -- China Petroleum & Chemical Corp., Asia’s biggest refiner, posted a 7.5% increase in first-half profit as oil and gas production expanded. Net income was 32.5 billion yuan ($5.3 billion), or 0.28 yuan a share, in the six months ended June 30 from 30.3 billion yuan, or 0.25 yuan, a year earlier, the Beijing-based company, known as Sinopec, said in a filing to the Shanghai stock exchange. The average of six analyst estimates, compiled by Bloomberg, was a profit of 30 billion yuan.
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Sinopec 1H profit rises as oil, gas output expands
![Sinopec 1H profit rises as oil, gas output expands]()
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