(Bloomberg) -- China Petroleum & Chemical Corp., Asia's biggest oil refiner, said first-half profit may rise at the fastest pace since 2004 as refining margins widen and demand for chemicals used in manufacturing climbs.
Profit in the six months ending June may surge more than 50 percent from the 20.7 billion yuan ($2.7 billion) earned a year earlier, Sinopec, as the Beijing-based company is known, said in a statement yesterday. First-quarter net income more than doubled to 19.4 billion yuan, it said.
Read more at Bloomberg Emerging Markets News
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