China Gas Profit Jumps on Sales and Derivative Gains
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China Gas Holdings Ltd., the supplier of the fuel to homes and business on the mainland, said profit increased more than sevenfold on higher sales and gains in derivatives contracts.
Net income rose to HK$875.6 million ($112.4 million), or 19.8 Hong Kong cents a share, in the year to the end of March, from HK$103.7 million, or 3 Hong Kong cents a share, in the same period last year, the gas supplier said in a statement to the Hong Kong stock exchange today.