Statistics

PetroChina's net profit up 71.2% in Q1

(Xinhua)
Updated: 2010-04-28 09:54

BEIJING: PetroChina Co, China's largest oil and gas producer, said Tuesday its net profit for the first quarter rose 71.2 percent year-on-year due to soaring crude oil prices and rising domestic demand.

Related readings:  PetroChina plans $60b of overseas expansion  PetroChina spends $1.4b in parent finance unit?  PetroChina's net profit down 9.7% last year

Net profit totaled 32.492 billion yuan ($4.75 billion) while earnings per share was 0.18 yuan, 0.08 yuan more than the same period of last year, the company said in a statement to the Shanghai and Hong Kong stock markets.

PetroChina is the Hong Kong- and Shanghai-listed subsidiary of the China National Petroleum Corporation.

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