By Yi Wei Wong
Kunlun Energy Co. reported that its full-year net profit more than tripled thanks to higher natural gas sales.
The energy company's 2021 net profit reached 23.02 billion Chinese yuan (US$3.6 billion), it said late Tuesday. Its 2020 net profit was CNY6.06 billion.
Kunlun Energy's 2021 revenue rose 27% to CNY138.55 billion, it said.
The energy company's retail sales of natural gas in 2021 rose 18% to 25.71 billion cubic meters, outperforming the industry's average.
Write to Yi Wei Wong at yiwei.wong@wsj.com
(END) Dow Jones Newswires
03-29-22 2057ET