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Inner Mongolia MengDian's Profit, Power Sales Fall in Q1

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Inner Mongolia MengDian HuaNeng Thermal Power's (SHA:600863) attributable profit fell 25% to 694.4 million yuan in the first quarter from 921.3 million yuan, after adjustments, in the year-ago period, according to a Thursday filing with the Shanghai/Shenzhen bourse.

Earnings per share at the thermal power company decreased to 0.092 yuan from 0.112 yuan in the prior-year period.

Operating income declined 14% year over year to 4.71 billion yuan from 5.45 billion yuan.

Total electricity sales during the quarter slipped 4.4% to 12.8 billion kilowatt-hours from 13.4 billion kilowatt-hours in the year-ago period.

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