By Yi Wei Wong

Hong Kong & China Gas Co.'s first-half net profit fell amid a decline in revenue as the retail, restaurant and hospitality sectors were hit hard by Covid-19.

The gas supplier's net profit fell 31% to 2.67 billion Hong Kong dollars (US$344.5 million), it said Monday.

Revenues fell to HK$18.24 billion from HK$20.35 billion in the same period last year.

Hong Kong & China Gas said it expects to record steady full-year growth in Hong Kong customers as the impact of the pandemic gradually eases.

It expects its core utilities business to remain resilient amid the economic downturn, it said. 



  Write to Yi Wei Wong at yiwei.wong@wsj.com