The company?s chairman Chen Tonghai, 56, raised fuel prices faster than an increase in crude oil costs as China?s demand for cars, refrigerators and other consumer goods soared.
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Sinopec Increases Its Profit
China Petroleum & Chemical Corp., or Sinopec, is likely to increase profit to a record
China Petroleum & Chemical Corp., or Sinopec, is likely to increase second-half profit 85 percent to a record due to surging demand for fuels and chemicals in the world?s fastest-growing major economy.
Net income probably rose to 20.2 billion yuan (US$2.4 billion) from 10.9 billion yuan, according to Thomson Financial survey.
The company?s chairman Chen Tonghai, 56, raised fuel prices faster than an increase in crude oil costs as China?s demand for cars, refrigerators and other consumer goods soared.
The company?s chairman Chen Tonghai, 56, raised fuel prices faster than an increase in crude oil costs as China?s demand for cars, refrigerators and other consumer goods soared.
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