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[QUOTE]Originally posted by BooDog: [QB] China Natural Gas Reports Third Quarter 2007 Financial Results Wednesday November 14, 9:00 am ET NEW YORK, Nov. 14 /PRNewswire-FirstCall/ -- China Natural Gas, Inc. (OTC Bulletin Board: CHNG - News), one of the leading providers of pipeline natural gas for industrial, commercial and residential use and compressed natural gas (CNG) for vehicular fuel in Xi'an, China, today announced its third quarter financial results for the period ended September 30, 2007. Financial Highlights for the Third Quarter 2007: -- Quarterly revenue increased 39% year over year to $9.1 million. For the nine month period, revenue increased 100% to $24.1 million. -- Quarterly gross profit increased 34% year over year to $4.3 million. For the nine month period, gross profit increased 107% to $12.0 million. -- For the quarter, gross margin decreased year over year from 49.7% to 47.6%. For the nine month period, gross margin increased from 48.2% to 49.7%. -- Income from operations for the quarter decreased 9% year over year to $2.4 million. For the nine month period, income from operations increased 93% to $8.1 million. -- Quarterly net income decreased 11% year over year to $2.0 million. For the nine month period, net income increased 92% to $6.8 million. -- Quarterly net income per share decreased 22% year over year to $0.07 per share. For the nine month period, net income per share increased 81% to $0.27. [/QB][/QUOTE]
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