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| China Power swings to net loss in first half |
| BY steelguru.com, Writer |
| It is reported that China Power had a net loss of CNY 249.4 million down form a net profit of CNY 69.6 million a year earlier. Revenue climbed by 47% to CNY 4.04 billion from CNY 2.75 billion. China Power is one of five Chinese power producers listed in Hong Kong and the smallest in terms of capacity. Electric utilities raised power rates in July, following a government approval for the hike, but have largely been unable to pass along the near doubling in coal prices during the past year. |