Zhonghua Gas Holdings Limited said its business has been “seriously impacted” by coronavirus as the Hong Kong-based company reports its first quarter of 2020 results.
The total revenue from continuing operations recorded was reduced to HKD75.1m, representing a 29.5% decrease in revenue year-on-year, from HKD113.6m.
The gross profit ratio and net profit after tax dropped by 22.2% and 72.5% respectively comparing with those of the previous period.
The New Energy Business contributed over 99.8% to the group’s total revenue.
“The decrease in revenue was mainly caused by the outbreak of coronavirus (Covid-19) which led to the imposition of various travel and work restrictions by the relevant government administrations,” said Zhonghua Gas Holdings Limited in a statement.
... to continue reading you must be a member