Shanghai Electric Group's H1 Profit Up 7%, Revenue Rises 9%

MT Newswires Live

09/01

Shanghai Electric Group (SHA:601727, HKG:2727) posted first-half attributable net profit of 820.8 million yuan, up 7.3% from 764.8 million yuan the previous year.

Earnings per share rose to 0.053 yuan from 0.049 yuan, according to a filing with the Shanghai bourse.

The power service provider's operating revenue climbed 9.0% year over year to 54.0 billion yuan from 49.6 billion yuan.

Shares of the company rose 1% in recent trade.

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