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Datang down
January 21, 2009, Wednesday
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Print Edition
Print Edition
DATANG International Power Generation Co, a unit of China's second-biggest power company, said it will probably post an 85-percent drop in last year's profit.
The drop is mainly due to surging fuel prices, Datang said in a statement to Hong Kong's stock exchange yesterday. The company posted net income of 3.41 billion yuan (US$499 million) for 2007.
The drop is mainly due to surging fuel prices, Datang said in a statement to Hong Kong's stock exchange yesterday. The company posted net income of 3.41 billion yuan (US$499 million) for 2007.
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