Net profit at Shenzhen’s main gas distributor falls in H1

Shenzhen Gas, a piped city gas distributor in the southern Chinese city of Shenzhen, posted an 11.88% drop in net profit year on year to RMB 443.3 million ($72.11 million) in H1, after a one-off gain boosted earnings in the same period last year.
By Li Xin 19 August 2014 0 12849

Shenzhen Gas, a piped city gas distributor in the southern Chinese city of Shenzhen, posted an 11.88% drop in net profit year on year to RMB 443.3 million ($72.11 million) in H1, after a one-off gain boosted earnings in the same period last year.

Stripping out last year’s exceptional gain from the divestment of property assets, net profit would have grown by 8.82% year on year from increased sales of pipeline gas, according to results filed with the Shanghai Stock Exchange. Sales reached RMB 4.62 billion...

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