HONG KONG, Aug 23 (Reuters) - China's Sinopec Corp (0386.HK)(HK$7.25), the world's second-largest refiner after Exxon Mobil (XOM.N), posted its best quarterly profit in more than two years on Sunday, buoyed by recent fuel price hikes and falling crude oil prices.
The company's net profit was 22.0 billion yuan ($3.22 billion) for April-June, based on Reuters' calculations.
The result was higher than the 16.1 billion yuan expected by five analysts surveyed by Reuters. It compares to a restated net profit of 1.62 billion yuan in April-June last year.
The company's net profit was 22.0 billion yuan ($3.22 billion) for April-June, based on Reuters' calculations.
The result was higher than the 16.1 billion yuan expected by five analysts surveyed by Reuters. It compares to a restated net profit of 1.62 billion yuan in April-June last year.
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