Brief: Hong Kong And China Gas Co Ltd Posts FY Profit Of HK$8,225.3 Mln

Hong Kong and China Gas

20/03/2018 08:38

March 20 (Reuters) - Hong Kong And China Gas Co Ltd
 0003.HK :
    * FY PROFIT ATTRIBUTABLE HK$ 8,225.3 MILLION VERSUS
HK$7,340.7
MILLION
    * FY ‍REVENUE HK$32,476.5 MILLION VERSUS HK$28,557.1​
MILLION
    * PREDICTS STEADY GROWTH IN ITS NUMBER OF CUSTOMERS IN HONG
KONG
DURING 2018
    * ‍RECOMMEND A FINAL DIVIDEND OF HK23 CENTS PER SHARE​
    * "INCREASING LOCAL MANPOWER COSTS AND OPERATING EXPENSES
ARE
LEADING TO RISING COSTS FOR BUSINESSES GENERALLY"
    * INCREASE IN STANDARD GAS TARIFF EFFECTIVE FROM 1ST AUGUST
2017
IS HELPING TO OFFSET SOME OF ITS OWN RISING OPERATING COSTS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSc2MhDf
Further company coverage:  0003.HK 

 ((Reuters.Briefs@thomsonreuters.com;))