China Yangtze Power's Third-Quarter Net Rose on Stronger Power Generation
Provided by
Dow Jones
By Jiahui Huang
China Yangtze Power's third-quarter net profit rose 38%, supported by stronger power generation amid higher river water volume.
Net profit rose to 12.64 billion yuan ($1.73 billion) compared with CNY9.16 billion in the same period a year earlier after adjustment, the company said.
Revenue climbed 24% to CNY26.88 billion, it said in a statement dated Oct. 30.
The company had last month said that power generation in the third quarter at its six domestic cascade power stations had risen 23% on the year to about 100.12 billion KWH.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
October 31, 2023 21:14 ET (01:14 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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