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China Huaneng First-Half Sales Rise 38% on Power Output Gain
in-en.com  2008-7-22 13:36:18  

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China Huaneng Group, the nation's biggest electricity producer, boosted sales by 38 percent in the first half of the year on increased output to meet demand in the world's fastest-growing major economy.

Huaneng Group boosted its revenue to 68.8 billion yuan ($10 billion) in the first six months, the company said in a statement on its Web site yesterday. Power generation increased 21 percent and coal production gained 23 percent, it said.

Huaneng Power International Inc., the Hong Kong-listed unit of Huaneng Group, said on July 15 it may post a loss in the first half of this year because record coal prices led to higher fuel costs.


 
Author:Bloomberg  From:Bloomberg  Edit:steven
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