BIZCHINA / Biz Media Digest |
Power: Datang to increased profits(Shanghai Daily)Updated: 2007-04-02 14:22 Datang International Power Generation Co, the second-biggest Hong Kong-listed Chinese power producer, posted a 17 percent gain in second-half profit as it generated more electricity and after the government raised power prices. Net income rose to 1.44 billion yuan (US$186.4 million) from 1.23 billion
yuan a year earlier, based on figures Bloomberg calculated from full-year
earnings. China, the world's second-biggest electricity user after the United
States, experienced a fourth year of power shortages in 2006 as an economic
growth rate of 10.7 percent boosted demand beyond capacity at peak consumption
times. (For more biz stories, please visit Industry Updates) |
|