China fuel demand boosts Sinopec profit, record dividend planned

China’s Sinopec, the world’s largest oil refiner, said its annual profit for 2017 grew 10 percent due to strength in its key fuels and chemical operations, and announced a record dividend payout. The company’s Hong Kong-listed shares climbed more than three percent on Monday following the earnings announcement, and were up 2.88 percent at HK$6.78 in…


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