Xinao Gas Holdings Limited, a piped gas distributor in China, said its net profit rose 61.4% to RMB128 million on revenue of RMB544 million for 2002. (US$1=RMB 8.28 yuan). Earnings per share were RMB18 cents, representing an increase of 25.9% over the previous year. In a statement, the company said: “The board of directors has…