OREANDA-NEWS. July 06, 2011. Changfeng Energy Inc., a natural gas distribution utility, has reported a net income of CAD 1.11 million, or CAD 0.02 per share, for the first quarter ended March 31, 2011, compared to CAD 435,000, or CAD 0.01 per share, for the first quarter ended March 31, 2010.

Revenue for the first quarter of 2011 was CAD 6.53 million, compared to CAD 5.09 million for the first quarter of 2010.

Huajun Lin, Chairman and CEO of Changfeng, reflecting on the quarter stated that, "We are pleased with the quarter over quarter revenue and EBITDA growth for the Company. The Company's Sanya Region Business is stable and growing. It is a strong driver of EBITDA that we can leverage to grow our business in the Sanya Region and on mainland China. We are optimistic about our ability to expand our business in mainland China along the second West-East Gas Pipeline."