Foran Energy Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022
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Foran Energy Group Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 3,301.78 million compared to CNY 2,115.41 million a year ago. Revenue was CNY 3,301.78 million compared to CNY 2,115.41 million a year ago. Net income was CNY 74.89 million compared to CNY 69.47 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.07 a year ago. Diluted earnings per share from continuing operations was CNY 0.08 compared to CNY 0.07 a year ago.
Foran Energy Group Co.,Ltd., formerly Foshan Gas Group Co.,Ltd., is a China-based company principally engaged in the transmission and distribution of natural gas. The Company also provides gas engineering design and construction, distributed energy, natural gas trading, gas storage peak shaving and other businesses. The Company's main product is natural gas, which is mainly applied to the fields of residential life, industry, commerce, power generation, transportation and distributed energy. The Company mainly distributes its products within domestic market.