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Datang Int'l Power's 2011 net profit down 22.78%

Mar. 26, 2012 (China Knowledge) - Datang International Power Generation Co<601991><0991>, China's second-largest publicly-traded power supplier, announced yesterday that its net profit fell 22.78% year on year to RMB 1.91 billion last year.

Basic earnings per share were about RMB 0.15 in 2011, and the company proposed a final dividend of RMB 0.11 per share.

Operating revenue rose 19.30% year on year to RMB 72.38 billion, due to the increases in both on-grid electricity price and sales volume.

In 2011, the company's electricity output grew 14.14% to 203.72 terawatt hours (TWh) and its power sales increases 14.22% to 192.14 TWh.

Datang International Power added 2.18 gigawatt (GW) of installed power capacity last year, bringing its total installed power capacity to 38.48 GW as of the end of last year, of which 84.08% was thermal power and 15.92% was clean and renewable energy power.

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