Huaneng Power International Inc., which operates large-scale power plants in China, said Tuesday its full-year profit rose 1.5 percent on a double-digit jump in revenue.
Huaneng said its profit attributable to equity holders rose to 6.16 billion yuan ($843.5 million). Consolidated operating revenue rose 12 percent to 49.77 billion yuan ($6.81 billion).
Huaneng said its results for the year were pressured by high coal prices and increased competition.
Huaneng shares rose $1.62, or 6 percent, to $28.84 in afternoon trading.
Terms & Conditions
RSS Headlines
Fool UK