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Huaneng Power's H1 profit surges 87.36%

Aug. 1, 2012 (China Knowledge) - Huaneng Power International Inc<600011><0902>, China's largest listed power company, announced yesterday that its net profit attributable to shareholders rose 87.36% YoY to RMB 2.21 billion in the first half of this year.

Basic earnings per share were RMB 0.16 during the period, said the company in a statement.

The power producer said the robust growth in net profit was due to higher power tariffs and effective cost control.

The company's consolidated operating revenue grew 4.88% YoY to RMB 67.18 billion in the first six months.

Huaneng Power International saw its electricity output from domestic power plants fall 1.46% to 150.17 terawatt hours in the period. Electricity sales dropped 1.45% YoY to 141.64 TWhs.

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