Shenzhen Energy First-Half Profit Declines 16% on Increased Cost for Fuel

Shenzhen Energy Group Co.’s first- half net income fell 16 percent to 876 million yuan due to the increased cost of fuel the company bought for generating electricity, according to a statement to Shenzhen’s stock exchange.

First-half sales rose 44.5 percent to 6.1 billion yuan, according to the statement.

To contact the reporter on this story: Zhe Huang in Beijing at zhuang37@bloomberg.net

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