PetroChina sees 4% growth in H1 net profit to RMB 68.12 bln
Aug 29th, 2014
PetroChina Co Ltd, China's largest oil producer, has announced that its net profit grew 4% year on year to RMB 68.12 billion in the first half of this year.
According to a statement filed with the Shanghai Stock Exchange, the company's turnover rose 4.8% year on year to RMB 1.15 trillion in the first six months.
Basic earnings per share for the period were at RMB 0.37. The company proposed an interim dividend of RMB 0.17 per share.
Operating profit from the exploration and production segment, the main source of the firm's profit, increased to RMB 102.24 billion during the period from RMB 98.81 billion in the first half of 2013.
The oil refining segment suffered a narrowed operating loss of RMB 3.44 billion in the first six months.
The company's crude oil output climbed 0.3% year on year to 4.66 million barrels in the period, and its production of natural gas rose 7% to 1,495.5 billion cubic feet.
As at the end of Jun 2014, the company had RMB 2.43 trillion in total assets.
President Wang immediately called a meeting of the NFC caucus when the symposium ended. During the meeting, he reported back Premier Li's main point and deployed next steps of works. In the long haul, Chifeng NFC Zinc Corporation will proactively adapt to market variation and develop more competitive edge to overcome challenges and difficulties.