Sinopec plans to boost capital expenditures by 44 per cent to 110.2 billion yuan, the first increase in four years. Photo: ReutersSinopec plans to boost capital expenditures by 44 per cent to 110.2 billion yuan, the first increase in four years. Photo: Reuters
Sinopec plans to boost capital expenditures by 44 per cent to 110.2 billion yuan, the first increase in four years. Photo: Reuters

Sinopec profit jumps 44 per cent on cheaper crude and pipeline sales

Oil refiner expects 150 per cent surge in income for first quarter of 2017 after posting first profit growth in three years

Topic |   Hong Kong company reporting season
Sinopec plans to boost capital expenditures by 44 per cent to 110.2 billion yuan, the first increase in four years. Photo: ReutersSinopec plans to boost capital expenditures by 44 per cent to 110.2 billion yuan, the first increase in four years. Photo: Reuters
Sinopec plans to boost capital expenditures by 44 per cent to 110.2 billion yuan, the first increase in four years. Photo: Reuters
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