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Aug 15, 2012 22:00 JST

Source: China Power International Development Limited

China Power 2012 Interim Results Announcement; Profit Increases 33% on Previous Year

HONG KONG, Aug 15, 2012 - (ACN Newswire) - The board of directors (the "Board") of China Power International Development Limited ("China Power" or the "Company", HK:2380) is pleased to announce the unaudited operating results of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2012.

For the six months ended 30 June 2012, the aggregate gross power generation of the Group reached 27,013,695 MWh, representing an increase of 4.24% as compared with the corresponding period last year; the Company's revenue amounted to approximately RMB 9,101,377,000 representing an increase of approximately 11.22% as compared with the revenue for the corresponding period last year.

The profit attributable to equity holders of the Company is approximately RMB547, 796,000, representing an increase of approximately 33.12% as compared with the profit for the corresponding period last year. The basic earnings per share is approximately RMB 0.11, representing an increase of approximately RMB 0.03 as compared with the basic earnings per share of RMB0.08for the corresponding period last year.

To review the result of the first half of 2012, Ms. Li Xiaolin, the Chairman of the Company, said "China Power has achieved a satisfactory growth during the first half of 2012, although the PRC economy is experiencing a slowdown, the group is benefited from the upward tariff adjustment, the significant increase in hydropower generation and the effective control of fuel cost."

Looking forward, Ms. Li Xiaolin emphasized that China Power will strives to achieve an objective of "increasing the overall profit" by staying focus on all aspects of business management in responding the changes of both international and domestic economic conditions as well as the complicated and changing market environment.

Contact:
China Power International Development Limited 
Investor Relations 
Mr. Shou Rufeng / Miss Zhao Huan 
Tel:  +852-2802-3861  Fax: +852-2802-3922
E-mail: rfshou@chinapower.hk / hzhao@chinapower.hk

Wonderful Sky Financial Group
Miss Linda Wong / Miss Gigi Chan / Miss Destiny Cheng
Tel: +852-2851-1038  Fax: +852-2865-1638
E-mail: lindawong@wsfg.hk / gigichan@wsfg.hk / destinycheng@wsfg.hk
Source: China Power International Development Limited
Sectors: Daily Finance

Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


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