CNOOC Ltd. posted a 89.3 percent profit increase in H1

8/27/2008 6:22:48 PM   Source:chinaview.cn    Author:    [Font Size:Bigger Middle Smaller]

BEIJING, Aug. 27 (Xinhua) -- China National Offshore Oil Company Limited (CNOOC Ltd.) said Wednesday that its first-half net profit rose sharply by 89.3 percent year on year amid high oilprice and solid operational performance.

Net profit recorded 27.54 billion yuan (4.03 billion U.S. dollars), or 0.62 yuan per share, the oil giant said in its interim report.

CNOOC Ltd. is the major listed subsidiary of China National Offshore Oil Corporation (CNOOC), China's largest offshore oil producer.

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