Zhongyu Energy profit rises despite HK$6.6bn revenue fall

Zhongyu Energy Holdings reported turnover fell 9.4% to HK$6.58bn for the six months ended June 30, but profit attributable to owners increased 2.7% to HK$245.5m.

The company repurchased 29.4m shares for HK$126.1m. Sales to wholesale LNG customers surged 100.7% while industrial gas sales dropped 8.6%.