Summary by Moomoo AI
Hong Kong and China Gas Company Limited (HK & China Gas) announced its performance for the first half of 2024. Despite the global economic recovery falling short of expectations, the company ensured steady business development through business restructuring and the introduction of strategic investors. Sales of commercial gas in Hong Kong increased significantly due to the recovery of the tourism and aviation industries, and sales of urban gas in mainland China also recorded growth. The core profits of the group's subsidiary, TG Smart Energy Limited, showed strong growth, with green energy business becoming a new highlight. The group announced a distribution of a mid-year dividend of HK$0.12 per share. As of June 30, 2024, the core profits of the group rose to HK$3.186 billion, an increase of 2% compared to the same period last year. The unaudited profit attributable to shareholders after tax was HK$340 million, a decrease of 16%. Basic earnings per share were HK$0.163.