BIZCHINA / Biz Media Digest |
Energy: Power companies make big profits(Shanghai Daily)Updated: 2007-03-07 13:52 China's five biggest power companies had combined profits of 26.4 billion yuan (US$3.4 billion) last year as prices increased and they expanded capacity. Total profits at China Huaneng Group, China Datang Corp, China Power
Investment Corp, China Huadian Corp and China Guodian Corp exceeded the
estimates of analysts. Rising share prices influenced earnings at China Power
Investment as the value of its holdings in five listed companies climbed 38
percent last year to 15.6 billion yuan, the state-run Xinhua news agency
reported. (For more biz stories, please visit Industry Updates) |
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