Others News
- Yangtze Power profit jumps 72 percent
Date: 31-Jul-2007 Sources: (Shenzhen Daily)
CHINA Yangtze Power Co., operator of the world's biggest hydropower project, said yesterday first-half profit jumped 72 percent after the Shanghai-listed company sold shares in a bank and increased electricity output.
Net income surged to 2.25 billion yuan (US$298 million), or 0.268 yuan a share, from 1.31 billion yuan, or 0.16 yuan, a year earlier, Yangtze Power said in a statement. Sales rose 12 percent to 3.4 billion yuan. Yangtze Power gained HK$1.6 billion (US$205 million) from the sale of 400 million shares in China Construction Bank Corp. in April. Power output, mostly from the Three Gorges Dam on the Yangtze River, climbed 11 percent to 17.2 billion kilowatt-hours in the first six months, the Beijing-based utility said.
Sponsor Results:
