Shanghai Electric Power's Profit Slumps 48% in H1

MT Newswires Live

08/31

Shanghai Electric Power (SHA:600021) posted first-half net profit attributable to shareholders of 1 billion yuan, down 48% from 1.91 billion yuan a year earlier.

Earnings per share plunged 54% to 0.2864 yuan from 0.6232 yuan a year earlier, according to a Monday filing.

Revenue fell 12% to 18 billion yuan from 20.5 billion yuan a year prior.

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