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China Gas's profit up 116% in H1

Nov. 29, 2012 (China Knowledge) - China Gas Holdings Ltd<0384> has said its net profit attributable to shareholders surge 116% YoY to HK$808 million in the six months ended Sep. 30.

Basic earnings per share for the period were HK$18.31. The company proposed an interim dividend of 2.2 HK cents.

According to a statement filed with Hong Kong Stock Exchange, the firm's operation revenue soared 8.3% YoY to HK$8.57 billion.

Revenue from its natural gas business rose 15.4% YoY to HK$3.89 billion during the six-month period, while that from its liquefied petroleum gas business decreased 4.9% YoY to HK$2.9 billion.

During the reporting period, China Gas sold 3.05 billion cubic meters of gas, 27.6% more than in the corresponding period of last year.

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