China Power 2011 Interim Results Announcement; Increase 50.74% Comparing Corresponding Period Last Year

Aug 10, 2011 22:00 JST

Source: China Power International Development Limited

RMB 4.12 Hundred Million for Profit Attributable to Equity Holders

HONG KONG, Aug 10, 2011 - (ACN Newswire) - The board of directors (the "Board") of China Power International Development Limited ("China Power" or the "Company", stock code: 2380) is pleased to announce the unaudited operating results of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2011.

-- Revenue amounted to approximately RMB 8,183,152,000 representing an increase of approximately 18.05% as compared with the revenue for the corresponding period last year.
-- Profit attributable to equity holders of the Company is approximately RMB 411,508,000, representing an increase of approximately 50.74% as compared with the profit for the corresponding period last year.
-- The basic earnings per share is approximately RMB 0.08, representing an increase of approximately RMB 0.03 as compared with the basic earnings per share of RMB0.05 for the corresponding period last year.

For the six months ended 30 June 2011, the Company's revenue amounted to approximately RMB 8,183,152,000 representing an increase of approximately 18.05% as compared with the revenue for the corresponding period last year. The profit attributable to equity holders of the Company is approximately RMB 411,508,000, representing an increase of approximately 50.74% as compared with the profit for the corresponding period last year. The basic earnings per share is approximately RMB 0.08, representing an increase of approximately RMB 0.03 as compared with the basic earnings per share of RMB0.05 for the corresponding period last year.

Facing the challenges of the second half year, Ms. Li Xiaolin, the Chairman of the Company, emphasizes that China Power will continue to strengthen the advantages on "balanced development of hydro-power and coal fired power" strategy development with strict control on company's operation and financial. The Company will try the best to make a favourable turn on electricity industry so that the Company will be able to overcome the current difficulties and challenges with greater achievements.

Contact:

China Power International Development Limited
Investor Relations 
Mr. Shou Rufeng
rfshou@chinapower.hk

Miss Han Chunhong
rfshou@chinapower.hk
Tel: +852-2802-3861 
Fax: +852-2802-3922

Wonderful Sky Financial Group
Miss Gigi Chan
gigichan@wsfg.hk

Miss Jade Chui
jadechui@wsfg.hk

Miss Sharon Yim
sharonyim@wsfg.hk
Tel: +852-2851-1038 
Fax: +852-2865-1638

Source: China Power International Development Limited
Sectors: Daily Finance, Energy, Alternatives