Brief: Hong Kong And China Gas Says FY Profit Attributable HK$6,965.7 Mln

Hong Kong and China Gas

19/03/2020 09:13

March 19 (Reuters) - Hong Kong and China Gas Co Ltd
 0003.HK :
    * TOWNGAS CHINA'S PROFIT AFTER TAXATION ATTRIBUTABLE FOR
YEAR ROSE
BY 19 PER CENT TO HK$1,456 MILLION
    * FY PROFIT ATTRIBUTABLE HK$6,965.7 MILLION VERSUS
HK$9,312.8
MILLION 
    * RECOMMEND A FINAL DIVIDEND OF HK23 CENTS PER SHARE
    * PREDICTS STEADY GROWTH IN NUMBER OF CUSTOMERS IN HONG KONG
DURING 2020
    * PREFERENTIAL POLICIES WILL IMPACT RESULTS OF GROUP FOR
YEAR 2020
    * IN 2020, GROUP IS ADOPTING MEASURES TO BROADEN SOURCES OF
REVENUE AND CUT EXPENDITURE AND COSTS
    * POLICIES SUCH AS REDUCING FEES & DEFERRING FEE PAYMENT,
WILL
INEVITABLY, IMPACT RESULTS OF GROUP FOR YEAR 2020
    * EXPECTED THAT WHEN EPIDEMIC IS OVER, GROUP'S BUSINESSES
WILL
RETURN TO NORMAL WITHIN RELATIVELY SHORT PERIOD OF TIME
    * FY REVENUE HK$40,628.1 MILLION VERSUS HK$39,073.0 MILLION

Source text for Eikon:  ID:nHKS72gxl1 
Further company coverage:  0003.HK 

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