CNG [NOT RATED] - LNG business to drive long-term outlook - Visit Note
  • 14 Oct 2024
  • Company Research
- We provide an update on CNG following our last report, dated August 8, 2022. - In H1 2024, CNG’s revenue dropped 7% YoY but gross profit surged 22% YoY, which was mainly due to a lower depreciation expense. However, GPM fluctuated from 5% in Q1 to 11% i