PetroChina slips after warning profit may decline by up to 70%

Hong Kong

PETROCHINA CO, the country's biggest oil and gas producer, fell in Hong Kong after saying 2015 profit may have fallen 60 per cent to 70 per cent from a year earlier because of the slump in energy prices.

The stock closed down 3 per cent at HK$4.61, after earlier falling as much as 4.2 per cent. The city's benchmark Hang Seng Index lost 0.5 per cent.