Anhui Province Natural Gas Development Co.,Ltd.’s Net Profit Rose 59.8% in First Quarter of 2023

Anhui Province Natural Gas Development Co.,Ltd. (安徽省天然气开发股份有限公司) (603689.SH) reported a net profit of 106.9 million yuan in the first quarter of 2023, up 59.8% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 8.2% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 51.2%.