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PetroChina's net profit down 9.7% last year

(Xinhua)
Updated: 2010-03-25 16:53
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Special Coverage:
2009 Annual Reports of Listed Companies
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BEIJING: PetroChina Company Limited said Thursday its net profit for 2009 dropped 9.7 percent from a year ago, due to a slump of crude oil prices.

But the company said the result was "better than expected" in a statement to the Shanghai and Hong Kong stock markets.

Net profit totaled 103.39 billion yuan ($15.2 billion) while earnings per share was 0.56 yuan, down by 0.07 yuan, according to the statement.

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