Sinopec (SNP): H1 net profit -40% to 24.5B yuan ($3.8B), revenue +9.3% to 1.3T yuan. Losses at...

|By:, SA News Editor
Sinopec (SNP): H1 net profit -40% to 24.5B yuan ($3.8B), revenue +9.3% to 1.3T yuan. Losses at refining division widen by about 50% to 18.5B yuan. Chemicals losses 1.2B yuan. Overall profit falls due to controls preventing Sinopec from passing on oil price rises to consumers. Crude oil output +4.3% to 163.1M barrels. Natural gas +14% to 8.2B cubic meters. (PR)