TSXV:CFY - Post Discussion
CF Energy Corp
> 12:07 PM EDT, 08/29/2018 (MT Newswires) -- Changfeng Energy
Post by
surveyor2582 on Aug 31, 2018 7:44am
12:07 PM EDT, 08/29/2018 (MT Newswires) -- Changfeng Energy
TSXV-listed Changfeng Energy Say H1 Profit Up 73% On Higher Natgas Sales
12:07 PM EDT, 08/29/2018 (MT Newswires) -- Changfeng Energy (CFY.V), which distributes natural gas in southern China, on Wednesday said its profit in the first half of 2018 rose by nearly three fourths on higher sales.
The company said it earned about $6.9 million, or $0.11 per share, up from about $4 million, or $0.06, in the first half of 2017. Revenue rose 20% to about $34.2 million in the first half of the year.
Changfeng said natural-gas sales rose 19% to 29.5 million cubic meters.
The company's shares last traded August 27, closing at $0.95 on the TSX Venture Exchange.
Price: 0.95, Change: 0.00, Percent Change: 0.00
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