Summary by Futu AI
HK & China Gas Limited (HKCG) announced its performance in the first half of 2024. Despite the global economic recovery falling short of expectations, the company ensured steady business growth through business restructuring and introducing strategic investors. Gas sales in Hong Kong's commercial sector experienced significant growth due to the recovery of the tourism and aviation industries, and sales volumes in the mainland's urban gas business also recorded an increase. The core profit of the group's subsidiary TG Smart Energy Limited, which focuses on green energy, grew strongly and became a new highlight. The group announced an interim dividend of HK$0.12 per share. In the six months ended June 30, 2024, the core profit of the group's business rose to HK$3.186 billion, an increase of 2% from the same period last year. The unaudited net profit attributable to shareholders was HK$0.34 billion, a decrease of 16%. Basic earnings per share were HK$0.163.