Price-Sensitive Information

RNS Number : 8763Z

Datang Intl Power Generation Co Ld

25 July 2008

 



 (a sino-foreign joint stock limited company incorporated in the People's Republic of China)

(Stock Code: 991)

Price-sensitive Information

ANNOUNCEMENT ON EXPECTED DECLINE

IN PROFIT FOR THE

Interim Results of 2008

This announcement is made pursuant to Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

I.    Expected Results for the Current Period:

(1)    Period of the expected results: 1 January 2008 to 30 June 2008.

(2)    Expected results: As estimated by the accounting department of Datang International Power Generation Co., Ltd. (the 'Company'), it is expected that the net profit attributable to the Company's shareholders as reported on the consolidated statements of the Company for the first half of 2008 will decrease by more than 70% as compared to the corresponding period of the previous year.

(3)    The estimated results are not audited by any certified public accountant.

II       Results for the Corresponding Period of the Previous Year:

(1)    Net profit attributable to the Company's shareholders as reported in the 

         consolidated statements: RMB2,303,804,000 (in conformity with PRC GAAP).

(2)     Earnings per share: RMB 0.16.

III.    Reason for the Change in Results:

The main reason for the change in results is that there has been a substantial rise in the prices of thermal coal which has in turn led to a decline in the net profit attributable to the Company's shareholders as reported in the consolidated statements. 

IV.     Caution on Risks:

The Company will disclose the financial information in detail in the 2008 interim report. Investors are advised to pay attention to any investment risks involved.

By Order of the Board

Zhou Gang    

Secretary to the Board

Beijing, the PRC, 24 July 2008

As at the date of this announcement, the directors of the Company are:

Zhai Ruoyu, Hu Shengmu, Cao Jingshan, Fang Qinghai, Zhou Gang, Liu Haixia,   Guan Tiangang, Su Tiegang, Ye Yonghui, Li Gengsheng, Xie Songlin*, Liu Chaoan*, 
Yu Changchun*, Xia Qing* and Li Hengyuan*

* Independent non-executive directors

 

END

 

 

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