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Sinopec's Q1 Profit Jumps 28%; Revenue Down 4%

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-- China Petroleum & Chemical (HKG:0386, SHA:600028) or Sinopec reported a 28% jump in net profit in the first quarter to 17 billion yuan from 13.3 billion yuan a year earlier, according to filings with the Hong Kong and Shanghai bourses late Tuesday.

Earnings per share climbed to 0.141 yuan from 0.109 yuan.

Revenue fell 3.9% to 706.7 billion yuan from 735.4 billion yuan, the oil and gas company said.

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