sinopec engineering group co said its firsthalf net profit rose 06 from a year earlier helped by a significant increase in the value of new contracts net profit increased to 1355 billion yuan 1988 million in the januarytojune period from cny1347 billion a year earlier the company said sunday revenue fell to cny2596 billion from cny2685 billion the company said it intends to focus on key domestic projects consolidate its leading position in the industry with competitive prices and increase overseas market development