Reported 11 months ago
Xinguo from Nantian Gas (8908) is expanding its operations into solar energy and real estate, alongside its core natural gas business. Xinguo has completed a 21MW solar photovoltaic system and is ready to sell electricity. In real estate, the 'Dunpin III' project in the Nan District of Tainan City is expected to be completed and contribute to revenue in the fourth quarter. Xinguo, with a merged revenue of 6.959 billion last year and an EPS of 1.83 yuan, will distribute cash dividends of 0.8 yuan and stock dividends of 0.8 yuan per share after the shareholders' meeting on the 24th. Xinguo's General Manager Wang Dingzhong stated that while natural gas sales are the main revenue source, the company is investing in solar energy to transform gradually into an energy company in response to government renewable energy policies.
Source: YAHOO