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PetroChina's net profit up 71.2% in Q1 2010

addtime:2010-4-28  from:admin   Reads:4124

BEIJING, April 27 - PetroChina Company Limited (PetroChina), 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.

Net profit totaled 32.492 billion yuan (4.75 billion U.S. dollars) 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.