Huaneng Power International Q1 Profit Down 10%, Revenue Slips 6%
Huaneng Power International (SHA:600011, HKG:0902) posted first-quarter attributable net profit of 4.48 billion yuan, down 9.8% from 4.97 billion yuan the previous year.Earnings per share slid to 0.25 yuan from 0.27 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue went down 5.9% year over year to 56.7 billion yuan from 60.3 billion yuan.Shares of the electric power company were up 1% in recent trade on the Shanghai bourse.