PetroChina reported 2007 earnings rise of 2.4% to Rmb 145 billion on sales increase of 21.2% to Rmb 835 billion. Higher exploration and refining and marketing costs hurt the operating margins. Earnings per share declined to Rmb 0.75 from Rmb 0.76. Return on net asset declined to 19.9% from 25.2%. CNPC controls 86.3% of stock and individual investors hold 13.7%. |
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