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836 — China Resources Power Holdings News Story

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China Resources Power climbs on higher H1 turnover, generation volume

BUZZ-China Resources Power climbs on higher H1 turnover, generation volume

** Shares of China Resources Power Holdings 0836.HK climb 3.6% to HK$18.94, set for the biggest one-day pct gain since July 20

** Stock touches the highest level since August 10 in the second rising session

** Chinese power plant developer and operator said its H1 turnover was up 9.4% y/y to HK$54.98 billion ($7.01 billion) thanks to a 12.8% y/y increase in net generation volume of consolidated power plants, while its profit attributable was down 15.5% y/y to HK$6.65 billion

** Company declares an interim dividend of HK$0.321 per share with an interim dividend payout ratio of 25.0%, representing a 1.6 percentage point increase y/y

** YTD, stock up 8.3%, benchmark Hang Seng Index .HSI up 0.4%

($1 = 7.8395 Hong Kong dollars)


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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