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PETROCHINA Rallies 2% Post-Results; 1Q Results Praised as Best Among Peers by Broker
Recommend 12 Positive 19 Negative 6 2025/04/30 02:05 GMT
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PETROCHINA (00857.HK) reported a rise of 2.3% in its 1Q25 net profit. Its stock price once rose by 3.4% to a peak of $6 this morning (30th). It last traded at $5.92, up 2%, on a volume of 62.051 million shares, involving $368 million. PETROCHINA's 1Q net profit amounted to RMB46.809 billion, growing by 2.3% YoY, with EPS standing at RMB0.26. Its operating income for the quarter plunged by 7.3% YoY to RMB753.108 billion. Morgan Stanley has released a report praising PETROCHINA for delivering the best 1Q results among its peers. The company's 1Q EPS increased by 2% YoY, beating expectations. In the broker's estimate, the cost of imported natural gas will drop notably starting from 2Q.
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