HK Stock Market Move | PetroChina (00857) rises over 3% after results; Q3 net profit attributable to parent up 21.6% year-on-year.

PetroChina (00857) rose over 3% after its results, up 3.12% as of press time at HK$10.26, with turnover of HK$145 million. On the news front, PetroChina announced that in the first three quarters it achieved operating revenue of RMB2,321.064 billion, up 7.0% year-on-year; net profit attributable to parent of RMB155.776 billion, up 21.9% year-on-year. In the third quarter alone, operating revenue was RMB793.573 billion, up 10.4% year-on-year; net profit attributable to parent was RMB51.84 billion, up 21.6% year-on-year. The company noted that in the first three quarters, the average realized price per barrel of crude oil was US$77.65, up 18.5% year-on-year; the average selling price of domestic natural gas per thousand cubic feet was US$9.4, up 1.7% year-on-year after excluding the impact of exchange rates.