By Yi Wei Wong
China Resources Power Holdings Co. (0836.HK) said its first-half net profit rose 35.8% because of lower fuel costs.
Net profit for the first half was 4.02 billion Hong Kong dollars (US$512.1 million), compared with HK$2.96 billion in the same period a year ago, the power company said Wednesday.
Revenue for the period fell 16.3% from a year earlier to HK$32.92 billion due to the disposal of several coal plants, it said.
China Resources Power attributed the higher profit to cheaper fuel to run its coal-fired plants.
Write to Yi Wei Wong at firstname.lastname@example.org
(END) Dow Jones Newswires
August 14, 2019 01:38 ET (05:38 GMT)Copyright (c) 2019 Dow Jones & Company, Inc.