HK & CHINA GAS Interim Net Profit Up 12.63%; Div. 12 Cents


HK & CHINA GAS (00003.HK)  -0.020 (-0.126%)    Short selling $44.99M; Ratio 32.964%   announced that for the interim period as of the end of June 2015, the net profit rose 12.63% year-on-year to $4,197 million. EPS equaled HK36.3 cents. An interim dividend of 12 cents was declared. 

Meanwhile, revenue after fuel cost adjustment amounted to $15.083 billion, down 4.59% from a year back.

Total volume of gas sales in Hong Kong was approximately 15,491 million MJ, representing a drop of 1.7% on a yearly basis. The company raised its standard gas tariff by 1 cent per MJ with effect from August 2015. The actual increase in the gas tariff was equivalent to 3.5%. The company has promised to keep this standard gas tariff frozen for the next two years.

As of 30 June 2015, the number of city-gas customers in mainland China rose 9.1% to 19.912 million

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