Tuesday, April 10, 2007

UPDATE 3-Top Asia refiner Sinopec's Q4 jumps, sees rosy Q1

(Reuters) - HONG KONG, April 10 - Top Asian refiner Sinopec Corp. beat forecasts with a 54 percent quarterly earnings leap, as falling oil prices pushed refining margins back into the black and flagged a rosy first quarter.

State-run Sinopec expects January-March net profit to rise by more than half based on Chinese accounting standards, driving its shares up 3.5 percent at HK$7.14 on Tuesday.


Read more at Reuters.com Market News

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