CR Power Announces Its 2014 Interim Results
19-08-2014 CR Power

On August 18, CR Power announced its interim results by June 30, 2014.

From the beginning of 2014, the company, adhering to the development thought of making progress while ensuring stability, optimized the industrial structure, adjusted business strategy, actively coped with the unfavorable factors such as the lower-than-expected growth rate of social power consumption and made full use of the favorable conditions such as the continuous low price of thermal coal, maintaining good profitability. By June 30, its turnover reached HK$35.826 billion, a year-on-year increase of 10.76% over the previous year; the profit attributable to owners (net profit) stood at HK$6.064 billion, up 13.8%; and the basic earnings per share amounted to HK$127.54, a rise of 13.3%. The Board resolved to declare an interim dividend ofHK$8 per share.

In the first half year, six new thermal power generating units totaling 2,900 MW and wind turbines totaling 328 MW were put into production. Thus, the total installed power generation capacity increased by 11.1% to 29,897 MW from the end of 2013, and the total assets rose by 2.36% to HK$218.919 billion from the end of 2013. In the future, the company will follow the general trend of energy development, further optimize the industrial structure and structure of power sources, adhere to the bottom line of the rate of return, select and develop high-quality and efficient coal-fired power plant projects and increase the investment in clean and renewable energy sectors in an attempt to promote its sustainable development.

Results Announcement:

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