Sinopec Third-Quarter Profit Jumps 57%
Sinopec reported a 57% increase in third-quarter profit, citing higher oil prices and refining margins.
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Sinopec Third-Quarter Profit Jumps 57% on Higher Oil Prices, Refining Margins
Sinopec reported third-quarter net profit up 57.2% year over year. Improved refining margins and higher crude prices offset weaker fuel demand.