{"id":77685,"date":"2023-10-28T01:28:41","date_gmt":"2023-10-28T05:28:41","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/sinopecs-third-quarter-profit-rose-34-on-stronger-product-sales\/"},"modified":"2023-10-28T01:28:45","modified_gmt":"2023-10-28T05:28:45","slug":"sinopecs-third-quarter-profit-rose-34-on-stronger-product-sales","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=77685","title":{"rendered":"Sinopec&#8217;s Third-Quarter Profit Rose 34% on Stronger Product Sales"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20231026-717235\" role=\"document\">\n<p>By Sherry Qin<\/p>\n<pre><\/pre>\n<p>China Petroleum &amp; Chemical Corp.&#8217;s third-quarter net profit rose 34%, supported by stronger oil product sales.<\/p>\n<p>Net profit rose to 17.86 billion yuan ($2.44 billion )compared with CNY13.325 billion in the same period a year earlier after adjustment, the company, also known as Sinopec, said late Thursday.<\/p>\n<div class=\"paywall\">\n<p>Revenue climbed 4.2% to CNY876.26 billion.<\/p>\n<p>The country&#8217;s biggest refiner said its total sales volume of refined oil products for the first nine months rose 19% on the year to 180.55 million tons.<\/p>\n<p>Domestic sales at 142.61 million tons were up 17% on the year, showing stronger demand in China.<\/p>\n<p>Meanwhile, its chemical sales volume gained 5% on year in the January to September period.<\/p>\n<pre><\/pre>\n<p>Write to Sherry Qin at sherry.qin@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/sinopec-s-third-quarter-profit-rose-34-on-stronger-product-sales-263dee62?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Sherry Qin China Petroleum &amp; Chemical Corp.&#8217;s third-quarter net profit rose 34%, supported by stronger oil product sales. Net profit rose to 17.86 billion yuan ($2.44 billion )compared with CNY13.325 billion in the same period a year earlier after adjustment, the company, also known as Sinopec, said late Thursday. Revenue climbed 4.2% to CNY876.26 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-77685","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sinopec&#039;s Third-Quarter Profit Rose 34% on Stronger Product Sales | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Sherry Qin China Petroleum &amp; Chemical Corp.&#039;s third-quarter net profit rose 34%, supported by stronger oil product sales. 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