Datang Intl Power 0991
Posted: Thu Jul 24, 2008 9:16 pm
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Datang profit falls 70pc
Datang International Power (0991), China's second-largest listed electricity provider, estimated its first half net profit fell more than 70 percent due to a sharp rise in coal prices.
It said in a statement it made a net profit of 2.3 billion yuan (HK$2.62 billion) in the first six months of 2007, based on Chinese accounting standards.
China's top independent power producer Huaneng Power International (0902) said earlier this month it may have made a loss in the January-June period for the same reason.
REUTERS
Datang profit falls 70pc
Datang International Power (0991), China's second-largest listed electricity provider, estimated its first half net profit fell more than 70 percent due to a sharp rise in coal prices.
It said in a statement it made a net profit of 2.3 billion yuan (HK$2.62 billion) in the first six months of 2007, based on Chinese accounting standards.
China's top independent power producer Huaneng Power International (0902) said earlier this month it may have made a loss in the January-June period for the same reason.
REUTERS