Oct. 24, 2012 (China Knowledge) - Huaneng Power International Inc<600011
>, China's largest listed power company, has announced its net profit attributable to shareholders skyrocket 757.32% YoY to RMB 1.99 billion in the third quarter of this year.
Basic earnings per share for the period were RMB 0.14.
The company said in a statement that the huge increase in net profit was mainly due to the tail-raising factor for last year's electricity price adjustment, as well as decreasing coal price.
In the third quarter of this year, Huaneng Power International's operation revenue decreased 7.89% YoY to RMB 32.94 billion.
From January to September 2012, the Shanghai
and Hong Kong listed
company saw its operation revenue grow 0.31% YoY to RMB 100.12 billion.