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  1. Sinopec earnings plunge 77.3pc on refining losses

    Posted Aug 25th 2008, 12:00am by Peggy Sito

    ... Peggy Sito Further profit drop expected as crude prices remain high China Petroleum & Chemical Corp (Sinopec) has warned of a continued profit plunge in the third quarter after reporting a 77.3 per cent dive in its first-half earnings. The bottom line and overall profitability will be hit by significant refining losses due to soaring international crude oil prices since ...

    http://www.scmp.com/article/650267/sinopec-earnings-plunge-773pc-refining-losses

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