Datang International Power Generation Co (HK:0991) has released an update.
Datang International Power Generation Co., Ltd. anticipates a significant rise in net profits for the first half of 2024, estimating an increase of 85% to 124% compared to the previous year. The expected profits, before accounting for non-recurring gains and losses, could surge by 112% to 160%. This optimistic forecast is attributed to decreasing fuel costs, improvements in hydropower station inflows, and an expansion in the company’s clean energy generation.
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