Monday, March 31, 2008

CNOOC's HK unit's 2007 profit up 35.58%

China BlueChemical Ltd<3983>, a Hong Kong-listed unit under China's largest offshore oil firm CNOOC<883>, has realized revenue of RMB 4.34 billion in 2007, with an increase of 25.24% over the previous year, said the firm in its 2007 annual report to the Hong Kong Stock Exchange.

As one of the country's largest nitrogenous fertilizer producers, the Hainan-based firm has posted gross profit of RMB 1.788 billion in 2007, up 37.39% year-on-year.

The net profit attributable to the shareholders of the parent company has increased by 35.58% year-on-year to RMB 1.448 million by the end of 2007. Net profit per share was RMB 0.31.

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