Hong Kong, February 19, 2019: Zhonghua Gas Holdings Limited (the “Company”; Stock Code: 8246) together with its subsidiaries (collective namely the “Group”) today announces that the Group is expected to record a significant increase in consolidated net profit for the year ended 31 December 2018 (the “Current Year”) of approximately 90% as compared to that for the year ended 31 December 2017 (the ” Previous Year”). The Board of Directors considered that the significant increase in the Current Year’s consolidated net profit of the Group was mainly attributable to the increase in the revenue in the provision of diverse integrated new energy services, and the positive contribution from the 5-year tax concession incentive plan obtained from the relevant government department of the People’s Republic of China.
The Group has been developing the New energy business for three years, during which it successfully expands the business through organic growth and acquisition. Riding on the strong commitment of the PRC government in New Energy state policy, the Group will expand its strong foothold from Tianjin, to extend the market footprint into the whole of the PRC, and even to cover the Greater China Region.
Corporate Comm India(CCI Newswire)
