Huaneng Power First-Half Profit Drops 31% on Weak China DemandBy
Power generator’s profit declines to 6.18 billion yuan
China’s power use rose 1% in the first half; GDP climbed 6.7%
Huaneng Power International Inc., China’s biggest listed power generator, posted a 31 percent decline in first-half profit as weak demand growth and higher coal prices crimped earnings.
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