BRIEF-China Petroleum & Chemical's 2023 Net Profit Down 9.9% Y/Y Under China Accounting Standard

Reuters03-24

March 24 (Reuters) - China Petroleum & Chemical Corp

:

* SAYS 2023 NET PROFIT DOWN 9.9% Y/Y UNDER CHINA ACCOUNTING STANDARD

* SAYS 2023 NET PROFIT AT 60.5 BILLION YUAN ($8.37 billion) UNDER CHINA ACCOUNTING STANDARD

* SAYS 2023 NET PROFIT AT 58.3 BILLION YUAN UNDER IFRS

* SAYS IT SETS ASIDE PROVISION FOR ASSET IMPAIRMENT FOR 9.6 BILLION YUAN IN 2023

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($1 = 7.2293 Chinese yuan renminbi)

(Reporting by Beijing Newsroom)

((Ethan.Wang@thomsonreuters.com;))

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