petrochinaHONG KONG: PetroChina Co Ltd, the country's dominant oil and gas producer, posted a 33 percent fall in third-quarter profit due to lower crude oil prices and losses from its natural gas import business.

 

Net profit dropped to 24.9 billion yuan ($3.99 billion) in July-September from 37.4 billion yuan a year earlier, the company said in a filing with the Shanghai bourse on Tuesday.

 

That lags an average estimate of 29.2 billion yuan in a Reuters poll of four analysts.

 

Copyright Reuters, 2012

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