PetroChina has reported a net profit of RMB114.43 billion for the year 2008, a 22% decrease compared to RMB146.75 billion for the year 2007.
The company has reported revenue of RMB1.07 trillion for the year 2008, compared to RMB836.35 billion for the year 2007, representing an increase of 28.1%. It reported net cash flows from operating activities of RMB170.51 billion for the year 2008, compared to RMB205.24 billion for the year 2007.
According to the company, it has reported total assets of RMB1.19 trillion at the end of 2008, compared to RMB1.07 trillion at the end of 2007.
As per a resolution passed by the company’s board of directors, the board has recommended to pay final dividends of RMB0.14953 per share based on 45% of the net profit attributable to equity holders of the Companyfor the twelve months ended 31 December 2008 under IFRS.
Together with the interim dividends of RMB0.13183 per share, the annual dividend for 2008 will be RMB0.28136 per share, said the oil company.
Mr. Zhou Jiping, Vice Chairman and President of PetroChina, said: In 2008, despite the difficulties and challenges brought by natural disasters the company continued to respond and implement its strategies in ‘resources’, ‘market’ and ‘internationalization’.
