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Article: China Natural Gas, Inc. Announces Opening of Two New Natural Gas Stations, Sees Immediate Increase in Sales and Earnings.
- Article from:
- Business Wire
- Article date:
- February 9, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- China Natural Gas, Inc. (OTCBB: CHNG)(website: www.naturalgaschina.com), the first China-based natural gas public company in the US capital market announced today the successful launch of two new retail natural gas stations which are operating at full capacity.
Each natural gas station sells approximately 25,000 cubic meters of natural gas daily to taxis, buses and other vehicles which use natural gas to run. Each cubic meter of natural gas sold has a net profit of approximately $0.08. With two fully operational retail natural gas stations in the Xi'An area, CHNG is paced to significantly increase sales and earnings throughout 2006.
Mr. ...
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