Towngas profit falls 54%
18-03-2009
Towngas has posted a 54-percent fall in profit for last year - because it failed to book any one-off gains from property sales and acquisitions. Earnings came in at HK$4.3 billion. Gas sales went up 2 percent during the year, mainly attributable to a rise in residential and restaurant consumption. The company expects commercial and industrial gas sales to slow down slightly this year because of the economic downturn.
