Sinopec 2012 Profit Drops 12.8%
March 25, 2013 at 04:35 AM EDT
China Petroleum & Chemical (NYSE: SNP ) reported a 12.8% drop in its net profit last year. Sinopec's net profit for the year declined to 63.88 billion yuan (US$10.3 billion), versus 73.23 billion yuan in 2011. However, analysts were expecting a profit of 62.60 billion yuan. Its revenue climbed 11% to
