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Sichuan Datong Gas Development to swing to loss in Q1 of FY 2018

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LNG Industry,

Reuters are reporting that Sichuan Datong Gas Development Company has announced a swing to net loss of 5 million yuan to 6 million yuan in Q1 of FY 2018 versus net profit at 2.1 million yuan year ago.

The company has commented that decreased gross margin of LNG business and net profit of unit as main reasons for the forecast.

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