Huaneng Power has seen a 96pc plunge in half-time net profit, on the back of sharply higher coal costs and a lack of power price increases to offset them. Photo: Reuters Huaneng Power has seen a 96pc plunge in half-time net profit, on the back of sharply higher coal costs and a lack of power price increases to offset them. Photo: Reuters
Huaneng Power has seen a 96pc plunge in half-time net profit, on the back of sharply higher coal costs and a lack of power price increases to offset them. Photo: Reuters

Huaneng Power posts 96pc plummet in half-time profit

Net profit came in at US$34.89 million, down from US$918 m in the same period last year, far worse than analysts has expected

Topic |   Hong Kong company reporting season
Huaneng Power has seen a 96pc plunge in half-time net profit, on the back of sharply higher coal costs and a lack of power price increases to offset them. Photo: Reuters Huaneng Power has seen a 96pc plunge in half-time net profit, on the back of sharply higher coal costs and a lack of power price increases to offset them. Photo: Reuters
Huaneng Power has seen a 96pc plunge in half-time net profit, on the back of sharply higher coal costs and a lack of power price increases to offset them. Photo: Reuters
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