Mar 27 - Net Profit of Datang International Power Falls 23% in 2011

Source: Hong Kong Stock Exchange, ChinaScope Financial (Data)

+       On March 25, Datang International Power Generational Co., Ltd. (601991. SH, 0991. HK) released its 2011 annual report, showing that operating revenue increased 19.3% to CNY 72.38 billion, while net profit decreased 23.3% to CNY 1.97 billion, with earnings per share (EPS) of CNY 0.15. The company plans to distribute stock dividends of CNY 0.11 (including tax).

+       In 2011, Datang’s total operating costs increased 22% to CNY 62.83 billion, of which 70.8% was fuel cost. Furthermore, due to higher borrowing costs, the company’s financial expenses increased 32% to CNY 7.1 billion. Datang’s total liabilities amounted to CNY 196.9 billion in 2011, with a debt ratio of 79.52%.

The growth in generating capacity of Datang (0991.HK) has slowed down in 2011

The average coal consumption rate has continued to drop. Fuel costs have been driven up by higher coal prices

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n Net Profit of Datang International Power Falls 23% in 2011

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