Changfeng Energy发布2016年第二季度业绩

Changfeng Energy Inc. (TSX VENTURE:CFY), an energy service provider in China, announces that the Company has filed its unaudited condensed interim consolidated financial results for the second quarter ended June 30, 2016.

Revenue for the three months ended June 30, 2016 was $15.5 million, an increase of $1.8 million, or 13%, from $13.7 million for the same period of 2015. Revenue for the six months ended June 30, 2016 was $31.7 million, an increase of $1.3 million, or 4%, from $30.4 million for the same period of 2015.

This increase is mainly attributable to the continuously growing total gas sales volume in Sanya and Xiangdong regions, with a gross gas sales volume increase of 28% and 17% respectively for the three months and six months ended June 30, 2016, though offset by the declining CNG sales volume from CNG vehicle refueling stations which dropped at 18% and 23% respectively for the three months and six months ended June 30, 2016. Revenue from pipeline connection increased at 15% for the three months ended June 30, 2016 while still was in a drop of 3% for the six months ended June 30, 2016. The increase was also offset by the decrease of exchange rate between Chinese RMB and Canadian dollar.