Power generator sees 2.17pc rise in profits

Datang International Power Generation reported first-half net profit rose 2.17 per cent year on year to 932 million yuan (HK$1.1 billion) and revenue increased 15.12 per cent to 33.3 billion yuan. It said rising thermal coal prices had hit power enterprises in the first half and it expected coal prices to stay high for the rest of the year. Total power generation rose 19 per cent.