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Sinopec’s H1 profit up on record output despite lower product demand

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China’s Sinopec posted a 2.6% rise in net profit for the first half of the year as record oil and gas output compensated for falling domestic demand for refined fuel and petrochemicals. China Petroleum & Chemical Corp 600028.SS, 0386.HK, as Sinopec is officially known, reported on Sunday a net income of 37.1 billion yuan ($5.21 ...

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