HONG KONG, CHINA -- 20 August 2018 - Beijing Gas Blue Sky Holdings Limited ("the Company" or "Beijing Gas Blue Sky", together with its subsidiaries, the "Group", HKSE stock code: 6828) is pleased to announce a positive profit alert. 

 

The Company expects to record an increase in unaudited net profit for the six months ended 30 June 2018 as compared to the net profit for the corresponding period in 2017. Such increase was mainly attributable to the increase in the revenue and gross profit from the natural gas business of the Group; and the gain from bargaining purchase of equity interest in an associate during the Period.

 

Mr. Tommy Cheng, Co-Chairman and Executive Director of the Group said that "The PRC government has imposed higher requirements for energy consumption structure and is keen on promoting the "coal to gas" policy, which result in rapid increase of natural gas demand. BGBS will continue to seize industry opportunities, as well as actively expand our business, in turns to maximize returns to our shareholders and investors."

 

About Beijing Gas Blue Sky Holdings Limited

 

Beijing Gas Blue Sky Holdings Limited ("Beijing Gas Blue Sky", HKSE stock code: 6828) is an integrated natural gas provider, distributor and operator, with an emphasis on the midstream and downstream natural gas development. 

 

Our natural gas business includes: (i) construction and operation of compressed natural gas ("CNG") and liquefied natural gas ("LNG") refueling stations for vehicles; (ii) construction of natural gas pipelines and operation of city gas projects by providing piped gas; (iii) direct supply of LNG to end-users; and (iv) trading and distribution of CNG and LNG. (mor).