Guanggang Gases & Energy Expects H1 Profit to Soar Up to 138%

Guangzhou Guanggang Gases & Energy (SHA:688548) expects net profit attributable to owners for the first half to soar 87% to 138% to between 220 million yuan and 280 million yuan from 117.5 million yuan a year earlier, according to a Shanghai bourse filing on Friday. Operating review is expected to climb 13% to 30% year on year to between 1.25 billion yuan and 1.45 billion yuan from 1.11 billion yuan. The gas company's shares dropped 5% during the morning trade.