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China Resources Power posts 20.8% rise in profit for H1

Aug. 20, 2012 (China Knowledge) - China Resources Power Holdings Co Ltd<0836>, a subsidiary of China Resources Holdings, announced today that its net profit grew 20.8% YoY to HK$3 billion in the first half of this year, due to higher earning contribution from associate companies.

Earnings per share were 63.2 HK cents in the period, and an interim dividend of 6 HK cents was proposed.

The company's turnover climbed 6.6% YoY to RMB 30.94 billion in the first six months.

China Resources Power produced 81.55 terawatt hours of electricity in the period, 0.7% less than in the corresponding period of 2011. The company's electricity sales fell 0.5% YoY to 76.59 TWhs in H1.

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