Business Daily Media

Men's Weekly

.

Zhonghua Gas Holdings Limited Announces Positive Profit Alert for 2019 First Quarter

  • Written by ACN Newswire
Friday, 26 April 2019, 10:30 HKT/SGT
image     
Source: Zhonghua Gas Holdings Limited[1]
HONG KONG, Apr 26, 2019 - (ACN Newswire) - Zhonghua Gas Holdings Limited (the "Company"; Stock Code: 8246) together with its subsidiaries (collective namely the "Group") today announces the positive profit alert for the three months ended 31 March 2019 (the "2019 First Quarter"). Based on the information currently available to the Board of Directors and the preliminary review of the relevant unaudited consolidated financial results of the Group for the 2019 First Quarter, the Group is expected to record a significant increase in consolidated net profit for the 2019 First Quarter of approximately 190% as compared to that for the three months ended 31 March 2018.

The Board considered that the significant increase in the 2019 First Quarter's consolidated net profit of the Group was mainly attributable to (i) the increase in revenue and profit in the provision of diverse integrated new energy services and (ii) the decreases in the amortised cost of share-based payments expenses, exchange losses arising from foreign currency and administrative expenses amounted to approximately RMB5 million in total.

In view of the Group's continuous success of the development and expansion of the New Energy business, the Group will stay close eyes on new business opportunities and projects relating to the supply of liquefied and gasified natural gas and other ventures, as well as to pursue new partnerships and collaboration, with an objective to expand the service scopes and market share to cover the Greater China Region ultimately.

Zhonghua Gas Holdings LimitedZhonghua Gas Holdings Limited is principally engaged in provision of diverse integrated new energy services including technological development, construction and consultancy services in relation to heat supply and coal-to-natural gas conversion, operation of liquefied natural gas stations, coupled with trading of new energy related industrial products. The Group is also involved in the operation of restaurants and trading of non-staple food; as well as engaged in the property investment business.

Media Contacts:Angel YeungJovian Communications LtdTel: +852 2581 0168Email: [email protected][2]

Topic: Press release summarySectors: Daily Finance, Energy, Daily News[3][4][5] http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

  1. ^ Zhonghua Gas Holdings Limited (www.8246hk.com)
  2. ^ [email protected] (www.acnnewswire.com)
  3. ^ Daily Finance (www.acnnewswire.com)
  4. ^ Energy (www.acnnewswire.com)
  5. ^ Daily News (www.acnnewswire.com)

Read more http://www.acnnewswire.com/press-release/english/51429/

Colter Bay Capital Launches as Australia’s Newest Institutional Private Credit Fund

Led by seasoned capital markets veteran Mark Wang, the fund is purpose-built to serve Australia’s most productive yet chronically underserved busi...

Global Thryv voices bring a sharper lens to International Women’s Day

Thryv® (NASDAQ: THRY), ANZ’s leading AI-enabled small business marketing software platform provider, marks International Women’s Day (IWD) with a bu...

AI curiosity fuels new wave of employee-led innovation in Australia

Leaders across Australia are asking themselves how they can ensure their employees get the most out of AI. We recently conducted research to help an...

Is your search bar your competitor’s best salesperson?

A few weeks ago, I was watching the Super Bowl. Traditionally, those halftime ad spots are reserved for the world’s biggest, most established bran...

AIIMS Group and AdVisible merge

Two of Australia’s most established independent agencies unite, creating marketing powerhouse backed by three decades of combined experience     ...

Block's layoffs are a design win. Here's why

We spend millions designing features that save users 30 seconds. Block just saved thousands of employees 40 hours a week. That's not a crisis. That's...