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SINOPEC POSTS HIGHER-THAN-EXPECTED PROFIT IN 1Q.

Publication: AsiaPulse News

Publication Date: 01-MAY-06
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COPYRIGHT 2006 Asia Pulse Pty Ltd

BEIJING, May 1 Asia Pulse - Sinopec (NYSE:SNP) reported a net profit of 9.29 billion yuan (US$1.2 billion) in 1Q'06, down 3.6 per cent year on year but still within market expectations about a profit of 9 billion yuan.

Again, the profit shrinkage was caused by narrowed refining margins...

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