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China Gas Holdings profit misses consensus by 21.6% in fiscal H1

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China Gas Holdings profit misses consensus by 21.6% in fiscal H1

China Gas Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 came to 27 Hong Kong cents per share, compared with the S&P Capital IQ consensus estimate of 35 cents per share.

EPS climbed 15.2% year over year from 24 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$1.35 billion, an increase of 11.5% from HK$1.21 billion in the prior-year period.

Total revenue decreased 6.9% year over year to HK$13.18 billion from HK$14.15 billion, and total operating expenses decreased 8.2% on an annual basis to HK$10.84 billion from HK$11.81 billion.

Reported net income increased 29.7% year over year to HK$1.69 billion, or 34 cents per share, from HK$1.30 billion, or 26 cents per share.