Towngas China reports HK$756m interim income

Business | 19 Aug 2019 5:23 pm

Towngas China (1083) said post-tax profit grew by 14 percent to HK$756 million in the first half.

The basic earnings per share were 26.89 HK cents, an increase of 12 percent over the yer before period.

Revenue from the sales of piped gas and related products was up by 19 percent to HK$5.6 billion on-year. This was due to the satisfactory results derived from active promotion of natural gas replacing coal, the company said.

Residential gas sales increased by 11 percent to 1,446 million cubic meters year and accounted for 26 percent of the total volume of gas sold.

Customers increased to 13.03 million, with 400,000 new customers compared to the end of last year.

Industrial gas sales grew by 16 percent to 3,209 million cubic meters on-year, accounting for 57 percent of the total volume of gas sold.

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