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Shanghai Electric Power's H1 profit up 67%

Aug. 8, 2012 (China Knowledge) - Shanghai Electric Power Co Ltd<600021>, the biggest power producer in the municipality, said that its net profit attributable to shareholders surged 67.09% YoY to RMB 305.63 million in the first half of this year.

Basic earnings per share for the period were RMB 0.14, reflecting a YoY increase of 67.02%.

In the first half of 2012, the Shanghai-listed company's operation revenue hit RMB 7.14 billion, less than RMB 8.92 billion it realized in the corresponding period of 2011.

The power producer generated 15.14 terawatt hours (TWhs) of electricity in the first half of this year, reflecting a YoY decrease of 15.22%. By the end of Jun 2012, the company's installed capacity exceeded 7.16 million kilowatts.

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