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Utility profit dims

CHINA Yangtze Power Co, operator of the world's largest hydropower project, said net income last year fell 27 percent to 3.93 billion yuan (US$575 million).

Net income last year fell from 5.37 billion yuan in 2007, the company said in a statement to Shanghai Stock Exchange yesterday, without giving a reason. Earnings per share fell to 4.01 yuan from 4.38 yuan a year earlier, it said.


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