China's gas net profit doubled year-on-year by the gas connection to reduce the

China Gas Holdings Limited (0384.HK), the major city gas supplier in China, announced on Monday that its 2017/18 interim net profit rose 100% YoY, driven mainly by the gas-to-gas business but domestic gas price cuts by non-residents were limiting natural gas Sales revenue growth; also announced since December 18 to reduce the board lot size to increase the liquidity of shares.

According to the announcement, the net profit for the six months ended September 31, 2013 was HK $ 3,395 million, compared with HK $ 1,692 million for the same period of last year. Basic earnings per share for the period was HK $ 0.6833, with an interim dividend proposed to be HK $ 0.08 per share.

Liu Minghui, executive chairman, managing director and president of China Gas, said: "The business of" converting coal to gas "and the" replacing coal with coal "business in winter in rural areas in northern China have become a powerful engine of growth for the Group.