Sinopec Records Net Profit of 43.7 Billion Yuan in 2015

摘要

In accordance with the International Financial Reporting Standards(IFRS),Sinopec’s net profit was 43.7billion yuan in 2015,dropping 8.9 percent on a year-onyear basis.The net profits reflect integrated advantages amid sluggish oil price.The operating profits for the refinery segment and the chemical segment significantly increased to 21.0 billion yuan and 19.7 billion yuan,respectively.Both segments became the main drivers of the Company’s profit and offset the less