Xinjiang Torch Gas Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 26, 2020 at 03:48 am EDT
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Xinjiang Torch Gas Co. Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 413.560 million compared to CNY 302.452 million a year ago. Operating income was CNY 37.190 million compared to CNY 46.100 million a year ago. Net income was CNY 31.384 million compared to CNY 33.074 million a year ago. Basic earnings per share from continuing operations was CNY 0.22 compared to CNY 0.23 a year ago.
Xinjiang Torch Gas Co., Ltd. is a China-based company principally involved in the transmission and distribution of urban gas, sales and installation of gas facilities and equipment. The Companyâs main businesses include sales of gas and home installation of gas equipment services, among which the gas sales clients include residents, industrial and commercial gas users and compressed natural gas (CNG) vehicle users, and installation business clients include municipal construction authorities, dedicated pipeline customers and real estate development companies. The Companyâs other businesses include gas meter replacement for users and sales of gas cards.