Huaneng Power's H1 Attributable Profit Rises

MT Newswires Live07-31

Huaneng Power International's (HKG:0902, SHA:600011) attributable profit rose to 7.77 billion yuan in the first half from 6.49 billion yuan in the year-ago period.

Earnings per share at the power producer increased to 0.40 yuan from 0.32 yuan in the previous year, according to a Tuesday filing with the Hong Kong Exchange.

Operating revenue declined to 118.8 billion yuan from 126 billion yuan a year earlier.

Huaneng recognized a reversal of impairment losses of 19.5 million yuan, while fuel expenses declined to 68.1 billion yuan from 77.5 billion yuan in the previous year.

Shares closed 6% lower in Hong Kong during Wednesday's afternoon trading.

Price (HKD): $4.62, Change: $-0.28, Percent Change: -5.71%

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