Shenzhen Stock Exchange-listed China gas company Kaimeite has announced its 2013 full year results, with an impressive growth of 80.49% in its gross revenue.
Gross operating revenue in 2013 of RMB 232.4m (US$38.8m) rose compared with RMB 128.7m ($21.4m) in 2012.
Operating profit grew by 64.3% from RMB 33.2m ($5.5m) in 2012 to RMB 54.6m ($9.1m) in 2013. Net profit also showed a satisfactory growth of 44.2%, from RMB 40.7m ($6.7m) in 2012 to RMB 58.8m ($9.8m) in 2013.
The company has most of its business engaged in carbon dioxide and is now also involved in the recovery and purification of hydrogen and fuel gases. It is indeed the sales of hydrogen and methane gas by its Changling branch company in Yueyang, Hunan province that contributes to the increase in revenue, as explained by the company in its annual report.
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