Higher energy costs dim Huaneng profit
Second-half earnings at Huaneng Power International Inc, China’s largest listed electricity generator, dimmed 16 percent as higher fuel costs squeezed profit margins.
The utility earned 3.28 billion yuan (US$466 million) in the second half last year, based on calculations from its full-year results, lower than an average forecast of 3.6 billion yuan in a Reuters analyst [...]