Wed 17 Sep 2014 11:37

Chimbusco posts rise in H1 net profit


Net profit results revealed for the first six months of 2014.

Bunker supply firm China Marine Bunker (PetroChina) Co., Ltd (Chimbusco) - a subsidiary of oil and gas company PetroChina Company Ltd - has posted a rise in net profit during the first six months of 2014.

Chimbusco achieved a net income of CNY 61 million (US$9.91 milllion) during the first half of this year.

The results were announced this week in an interim report published by PetroChina. Overall operating income for PetroChina during the period rose by 4.8 percent to CNY 1,153,968 million (US$187,444 milllion), up from CNY 1,101,096 million (US$178,856 million) during the corresponding period last year.

According to the report, Chimbusco's total assets amounted to CNY 13,740 million (US$2,232 million), whilst total liabilities were at CNY 11,124 (US$1,806.92 million).

Image: Hai Gong You 30 - a double-hulled marine lubricants barge owned by Chimbusco.
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