Chinese oil-and-gas major PetroChina Co. (0857.HK) said late Wednesday it expects first-half net profit of between nine billion and 11 billion yuan ($1.33 billion-$1.63 billion), up from CNY528 million a year earlier.
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The company said the expected significant increase was because of higher oil prices.
For the second half of 2017, the company said it expects global oil prices to fluctuate at a "mid-low" level, though "still with uncertainty."
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(END) Dow Jones Newswires
July 26, 2017 05:17 ET (09:17 GMT)