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Dongfang Electric's H1 profit down 19.11%

Aug. 22, 2012 (China Knowledge) - Dongfang Electric Corp Ltd<600875><1072>, a power generating equipment manufacturer and seller, has announced yesterday that its net profit fell 19.11% YoY to RMB 1.24 billion in the first half of this year, due to weak demand.

Earnings per share were RMB 0.62 during the period, said the company in its interim report.

Dongfang Electric realize RMB 20.01 billion in operating revenue in the first six months, 1.28% more than in the same period of last year.

The company signed RMB 22 billion of new orders in H1, of which about RMB 2.24 billion were for exports. The output of power generating equipment fell 21.6% YoY to 16.55 gigawatt hours in the period.







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