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)
Recent news on China Resources Power Holdings
See all newsBrief: China Resources Power Logs 9M Net Generation Of Subsidiary Power Plants Up 9.7%
Brief: China Resources Power Posts August Net Generation Of Subsidiary Power Plants Of 22.6 MLN Mwh
China Resources Power climbs on higher H1 turnover, generation volume
Hong Kong's China Resources Power H1 profit falls on lower power tariffs
Brief: China Resources Power Posts H1 Net Income Attributable Of HKD6,649 MLN