[ET Net News Agency, 23 March 2018] PetroChina (00857) said its profit attributable to
owners under IFRS for the year ended 31 December 2017 surged 190.2% year-on-year to
Rmb22,798 million.
Basic and diluted earnings per share were Rmb0.12.
Revenue amounted to Rmb2,015,890 million, an increase of 24.7% from a year earlier. This
was primarily due to the increasing selling prices of the majority of oil and gas products
and the increase in the sales volume.
In 2017, the Exploration and Production segment realised an operating profit of
Rmb15,475 million, representing an increase of Rmb12,327 million from Rmb3,148 million for
2016, contributing a substantial increase in the profit level.
As affected by the impairment provision for some petrochemical assets with higher
production and operation costs, the refining operations realised an operating profit of
Rmb7,388 million, representing a decrease of 35.5%, as compared with Rmb11,461 million for
2016.
The Natural Gas and Pipeline segment realised an operating profit of Rmb15,688 million,
which represents a decrease of 12.3% as compared with Rmb17,885 million for 2016.
The proposed final dividend is Rmb6.074 cents per share, payable on or about 21 June.
(HL)