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Datang International Power's H1 profit up 27.51%

Aug. 21, 2012 (China Knowledge) - Datang International Power Generation Co Ltd<601991><0991>, China's second-largest publicly-traded power supplier, has announced yesterday that its net profit rose 27.51% YoY to RMB 1.09 billion in the first half of this year.

The company attributed the increase in net profit in part to higher electricity prices and to earning contribution from non-power projects.

The company's operating revenue grew 10.67% YoY to RMB 36.88 billion in the first six months.

At the end of June, the power producer's installed power capacity had reached 38.88 gigawatt, of which 84.2% was thermal power, 12.42% was hydropower and 3.3% was wind power.

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