Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Energy & Commodities
 Search News  Or
China Resources Power's 2011 profit down 9.2% higher coal costs

Mar. 19, 2012 (China Knowledge) - China Resources Power Holdings Co Ltd<0836>, a subsidiary of China Resources Holdings, announced today that its net profit fell 9.2% year on year to HK$4.45 billion last year, dragged down by higher fuel costs.

The company's turnover jumped 25% year on year to HK$60.71 billion in the year.

The power producer saw its fuel costs surge 29.4% year on year to HK$38.38 billion last year, due to rising coal prices.

To offset the effect of rising fuel costs, the company has been expanding its coal business and saw its coal output grow 43.3% from the previous year to 16.37 million metric tons in 2011.

At the end of last year, the company's installed power capacity had increased 14.8% year on year to 22.23  gigawat, of which 93.4% was thermal power capacity.

China Resources Power generated 120 terawatt hours of electricity last year, up 15.4% year on year. Electricity sales grew 15.8% to 112 TWhs in the year.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved