China Natural Gas, Inc. (Nasdaq:CHNG) announced its financial results for the second fiscal quarter ended June 30, 2011.Revenues in the second quarter of 2011 increased by 29.2% to $27.31 million from $21.14 million in the second quarter of 2010, driven by the increase in the average unit selling price per cubic meter of CNG (74.2% of our revenues was generated from the sale of CNG) from $0.37 to $0.48, as well as an increase in the number of residential and commercial pipeline customers.
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August 12th, 2011 at 01:18 pm