State-owned Zhengzhou Gas said net profit jumped by almost one-third in the first half as surging world oil prices encouraged more people to convert to gas-powered cars. According to the Hong Kong Standard, first-half net profit rose 31.85% to 37.08 million yuan from 28.1 million yuan a year earlier. (US$1=HK$7.8). The company said the number…
CHINA: Zhengzhou Gas’s first half net profits gained from higher oil prices 9MEMBERS ONLY)
Posted on August 20, 2004 by EnergyAsia