BEIJING, Jan. 22 (Xinhua) – China National Petroleum Corporation (CNPC, 601857.SH ) announced on Monday that its net profits attributable to shareholders in 2018 are expected to increase by 28 billion yuan to 30 billion yuan, up 123 percent to 132 percent year on year.
According to the company, the increase may result from measures taken by the company such as optimizing production and operation, reducing costs and improving efficiency, and disposing of some oil and gas assets and fixed assets that meet the conditions for write-off. (Edited by Gu Shanshan)
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