Monday, April 16, 2007

Sinopec beats forecast

China's Sinopec Q1 beats forecast (Reuters)

Chinese workers walk past a Sinopec factory in Shanghai in this file photo from April 3, 2006. Top Asian oil refiner Sinopec Corp.  (Aly Song/Reuters)Reuters - Top Asian oil refiner Sinopec Corp. (0386.HK) beat forecasts with a more than two-fold jump in quarterly earnings as falling oil prices helped its refining arm turn around, and it flagged a 50 percent surge in first-half profit.


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