Xinjiang Torch Gas Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
August 26, 2020 at 03:45 am
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Xinjiang Torch Gas Co. Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 314.923 million compared to CNY 195.587 million a year ago. Operating income was CNY 36.500 million compared to CNY 54.251 million a year ago. Net income was CNY 29.210 million compared to CNY 46.679 million a year ago. Basic earnings per share from continuing operations was CNY 0.21 compared to CNY 0.33 a year ago.
Xinjiang Torch Gas Co., Ltd. is a China-based company principally involved in the transmission and distribution of urban gas, sales and installation of gas facilities and equipment. The Companyâs main businesses include sales of gas and home installation of gas equipment services, among which the gas sales clients include residents, industrial and commercial gas users and compressed natural gas (CNG) vehicle users, and installation business clients include municipal construction authorities, dedicated pipeline customers and real estate development companies. The Companyâs other businesses include gas meter replacement for users and sales of gas cards.
XINJIANG TORCH GAS CO., LTD 
