CR Gas Reports Revenue Rise But Lower Profits

China Resources Gas Group (HK:1193) has released an update.

China Resources Gas Group Limited reported a 7.7% revenue increase in the first half of 2024 compared to the same period in 2023, reaching HK$52.08 billion. However, the profit attributable to owners declined by 2.5% to HK$3.46 billion, alongside a slight decrease in basic earnings per share. Despite the dip in profits, the company saw a 5.3% growth in both gross gas sales volume and total connected customers.

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