TC

23/03/2018 16:36

China Res Gas year net up 11% to HK$3.65bn; div HK40 cts

    China Resources Gas (01193) said its profit attributable to owners for the year ended 31 December 2017 rose 11.1% year-on-year to HK$3,654 million.
  Basic earnings per share were HK$1.68.
  Turnover amounted to HK$39,838 million, an increase of 21% from a year earlier.
  The Group's overall gross profit margin was 29.9%, representing a decrease of 4.1 percentage points as compared with the last year. The decrease in gross profit margin was mainly due to the inability or delay to fully pass through the gas source cost increase during the heating period in the winter, and higher gas consumption by some big customers with lower gross profit.
  The proposed final dividend is HK40 cents (2016: HK30 cents) per share, payable on 15 June. 

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