PetroChina Income Drops to '99 Low on $3.8 Billion WritedownBy
Income falls 67% to lowest since company publicly listed
Company lowers capital spending 5% after a 31% cut in 2015
PetroChina Co. profit tumbled to the lowest since 1999 as the company reported a 25 billion yuan ($3.8 billion) writedown amid the crash in energy prices.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.