Rochester, NY 8/21/2009 9:36:13 PM
China Natural Gas, Inc. CHNG, China Natural Gas Release Financial Results for the Second Fiscal Quarter, Ended June 30, 2009
China Natural Gas, Inc. CHNG
China Natural Gas, Inc. makes an announcement its financial results for the second fiscal quarter, ended June 30, 2009. The company provider of compressed natural gas for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi'an, China.
The company revenue in the second quarter of 2009 increased 22.8% to $20.7 million from $16.9 million in the second quarter of 2008, driven by higher sales across all revenue categories. Sales of natural gas grew 14.0% YoY to $15.7 million, from $13.8 million in the second quarter of 2008.
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