Zhonghua Gas Holdings Limited releases Q1 results


Zhonghua Gas Holdings Limited said its business has been “seriously impacted” by coronavirus as the Hong Kong-based company reports its first quarter of 2020 results.

The total revenue from continuing operations recorded was reduced to HKD75.1m, representing a 29.5% decrease in revenue year-on-year, from HKD113.6m.

The gross profit ratio and net profit after tax dropped by 22.2% and 72.5% respectively comparing with those of the previous period. 

The New Energy Business contributed over 99.8% to the group’s total revenue. 

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