BGBS announces positive profit alert and expects to record an increase in net profit for 2018 1H
HONG KONG, CHINA – Media OutReach – 20 August 2018 – Beijing Gas Blue Sky Holdings Limited (“the Company” or “Beijing Gas Blue Sky”, together with its subsidiaries, the “Group”, HKSE stock code: 6828) is pleased to announce a positive profit alert. The Company expects to record an increase in unaudited net profit for the six months ended 30 June 2018 as compared to the net profit for the corresponding period in 2017. Such increase was mainly attributable to the increase in the revenue and gross profit from the natural gas business of the Group; and the gain from bargaining purchase of equity interest in an associate during the Period.
Mr. Tommy Cheng, Co-Chairman and Executive Director of the Group said that “The PRC government has imposed higher requirements for energy consumption structure and is keen on promoting the “coal to gas” policy, which result in rapid increase of natural gas demand. BGBS will continue to seize industry opportunities, as well as actively expand our business, in turns to maximize returns to our shareholders and investors.”
About Beijing Gas Blue Sky Holdings Limited
Beijing Gas Blue Sky Holdings Limited (“Beijing Gas Blue Sky”, HKSE stock code: 6828) is an integrated natural gas provider, distributor and operator, with an emphasis on the midstream and downstream natural gas development. Our natural gas business includes: (i) construction and operation of compressed natural gas (“CNG”) and liquefied natural gas (“LNG”) refueling stations for vehicles; (ii) construction of natural gas pipelines and operation of city gas projects by providing piped gas; (iii) direct supply of LNG to end-users; and (iv) trading and distribution of CNG and LNG.
The Group has adapted to the “One Belt One Road” policy, and focus on operating and investing natural gas business. The Group is actively expanding its business development and distribution, as well as continues to gradually expanding the scale of operations. Currently, the Group has business presence in several provinces in Northeast China, East China, Central South China and Southwest China, including Liaoning Province, Jilin Province, Shandong Province, Shanxi Province, Anhui Province, Zhejiang Province, Hubei Province, Guizhou Province, Sichuan Province and Hainan Province, etc. The Group is committed to its vision: “develop clean energy, enhance customer value, create a beautiful blue sky”. In the future, it will continue to actively investing and developing natural gas business, as well as participating in the development of natural gas industry value chain.