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.
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.
