China Petroleum & Chemical Corporation has reported that its income from operations was RMB875.218 billion for the three quarters ending September 30, 2007, representing an increase of 13.64% over the same period of the preceding year.
Sinopec’s net profit attributable to shareholders was RMB48.683 billion in the first three quarters of the year, representing an increase of 43.65% over the same period of 2006.
According to International Financial Reporting Standards, the company’s business turnover and other operating revenues were RMB875.218 billion, representing an increase of 13.62% over the same period of 2006. Profit attributable to shareholders of the company was RMB49.818 billion, representing an increase of 43.21% over the same period of the preceding year.
China Petroleum & Chemical Corporation (Sinopec) said that it has worked actively to secure domestic and overseas resources to ensure a stable and orderly supply to the domestic market.
During the first three quarters of 2007, the distribution volume of finished oil products and retailing volume of finished oil products in the domestic market expanded by 6.63% and 4.56%, respectively, over the same period of 2006.