HONG KONG (AFX-ASIA) – Xinao Gas Holdings Ltd’s (2688.HK) gross profit margin is expected to shrink by less than 6% this year if the Chinese government levies value added tax (VAT) on gas pipeline connection fees in the second half, finance director Yu Jianchao said. He said he expected the Chinese government to replace the…
CHINA: HK’s Xinao Gas gross profit margin to shrink less than 6 pct if VAT levied
Posted on May 30, 2003 by EnergyAsia