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Towngas' Attributable Profit, Revenue Jump in H1

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The Hong Kong and China Gas Co (HKG:0003), d/b/a Towngas, logged an increase in attributable profit in the first half to HK$3.64 billion from HK$2.96 billion in the year-ago period.

Earnings per share climbed to HK$0.195 in the interim period from HK$0.158, according to a Tuesday filing with the Hong Kong bourse.

The gas company's revenue increased year over year to HK$29.5 billion from HK$27.5 billion.

The board declared an unchanged interim dividend of HK$0.12 per share, payable Sept. 11 to shareholders of record on Sept. 3.

Looking ahead, the company expects full-year gas sales volume to be "broadly stable" and has confirmed "a cautiously optimistic outlook" for its overall business performance in Hong Kong.

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