HONG KONG, March 26 China Petroleum and Chemical
Corp said on Sunday it expected to report a rise of
about 150 percent in its first-quarter profit thanks to an
increase in international crude prices.
The state-owned company, known as Sinopec Corp, reported a
net profit of 6.19 billion yuan for the first three months of
Earlier on Sunday Sinopec said net profits for the full year
rose 44 percent to 46.4 billion yuan ($6.74 billion) on the back
of strong performances in refining and chemicals.
Fourth-quarter net profit jumped to 17.25 billion yuan from
9.9 billion yuan in the third quarter, it said in a statement to
the Shanghai Stock Exchange.
(Reporting By Anne Marie Roantree; Editing by Greg Mahlich)