HONG KONG: PetroChina Co, the country’s biggest oil and gas producer, posted its smallest half-year profit since it was publicly listed in 2000 as the crash in oil prices continues to drag on earnings.
Net income dropped 98% to 531 million yuan (US$80mil), the state-run explorer said in a statement to the Hong Kong stock exchange yesterday. Revenue fell 15.8% to 739 billion yuan.
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