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Huadian Energy expects RMB 321.25-mln loss for H1

Jul. 4, 2012 (China Knowledge) - Huadian Energy Co Ltd<600726><900937> announced yesterday that it expected to suffer a loss of RMB 321.5 million in the first half of this year.

Losses per share were estimated at RMB 0.16 in the period, said the company in a statement filed with the Shanghai Stock Exchange.

The power company attributed the widened loss to high coal prices and low utilization hours of its generators.

In the first quarter of this year, the company booked a loss of RMB 81.67 million, 58.50% more than in the same period of last year. The firm's core business revenue rose 17.89% YoY to RMB 2.76 billion in the quarter.

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