Sinopec Third-Quarter Profit Falls 9.4 Percent, Beats Estimates

Sinopec Third-Quarter Profit Falls 9.4 Percent, Beats Estimates

Jerome Favre/Bloomberg

Net Income dropped to 18.3 billion yuan ($2.93 billion) or 0.199 yuan a share, from 20.2 billion yuan or 0.226 yuan a share a year ago, China Petroleum & Chemical Corp. said in a statement to the Shanghai stock exchange today.