On 16 August, CR Gas announced its interim results for the six months ended 30 June 2016, showing significant growth in key data including the company’s overall profit and gas sales volume.

During the first half of 2016, profit attributable to equity shareholders reached HK$1.957 billion at China Resources Gas Group Limited, up 26% year-on-year, and basic earnings per share was HK$0.90. Interim dividend proposed by the Board of Directors was HK$0.15, representing a growth of 50% year-on-year.

During the first half of 2016, domestic consumption of natural gas was 99.5 billion square meters, up 9.8% year-on-year. Benefiting from intensive and extensive growth, as well as increasing efficiency, CR Gas’ gross gas volume reached 8.273 billion square meters, up 15.3% year-on-year; the number of residential household connections increased by 3.04 million to 24.80 million, up 14% year-on-year; and consolidated gross margin was 35.5%, up 5.7% year-on-year.