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Sinopec leads gains in China as refining offsets oil drop
Published Wed, Mar 30, 2016 · 09:50 PM
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Hong Kong
CHINA Petroleum & Chemical Corp (Sinopec) led gains among the country's state-run energy giants after earnings beat estimates as profit from oil refining helped offset the plunge in crude prices.
Asia's biggest refiner reported a 30 per cent drop in net income, with refining cushioning it from the profit tumbles felt by its sta…
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