*DJ CGN Power Co. 1H Net CNY5.21B Vs. Net CNY5.02B >1816.HK
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)
August 26, 2020 06:07 ET (10:07 GMT)
*DJ CGN Power Co. 1H Rev CNY31.51B Vs. CNY26.52B >1816.HK
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)
August 26, 2020 06:07 ET (10:07 GMT)
DJ CGN Power Posted Higher Net Profit in First Half
By Ben Otto
CGN Power Co.'s first-half net profit rose slightly, as higher electricity sales offset an increase in operating and finance costs.
The Shenzhen-based power company posted net profit of 5.21 billion yuan ($753.7 million), up from CNY5.02 billion a year ago, it said in a stock-exchange filing Wednesday.
Operating revenue rose 19% to CNY31.51 billion, as two new nuclear-power plants commenced operations, the company said.
The group said the construction of five new nuclear-power plants is progressing as planned.
Write to Ben Otto at ben.otto@wsj.com
(END) Dow Jones Newswires
August 26, 2020 06:18 ET (10:18 GMT)
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