Company Profile For The Hong Kong and China Gas Company Limited

The Hong Kong and China Gas Company Limited (0003.HK) (Hong Kong Stock)

sector: Utilities · industry: Utilities - Natural Gas ·

As of 12:52pm IST

19.18HKD

Price Change

+0.20

Percent Change

+1.05%

Analyst Recommendations

Overview

The Hong Kong and China Gas Company Limited (HCIL) is engaged in the production, distribution and marketing of gas, water and related activities in Hong Kong and mainland China. The Company is also engaged in property development and investment activities in Hong Kong. HCIL’s revenue is mainly generated from the production, distribution and marketing of gas, water and related activities (Gas and Water businesses). During the year ended December 31, 2008, the Company’s total mainland operations, ranging from its piped city-gas projects, upstream and midstream operations, new energy developments to water businesses, consisted of 86 projects and ventures in 18 provinces, municipalities and autonomous regions across the country. HCIL’s midstream ventures consist of natural gas pipelines in Anhui, Hebei and Zhejiang provinces, as well as its project in Jilin.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, The Hong Kong and China Gas Company Limited's revenues decreased 4% to HK$6.26B. Net income increased 19% to HK$3B. Revenues reflect a decrease in income from equipment sales and gas sales. Net income reflects presence of other gains vs. a loss, a decrease in stores & materials used, increased share of profit of joint controlled entities and improved gross & operating margin.