SHANGHAI (AFX-ASIA) – Guangdong Electric Power Development Co Ltd expects the rate of growth in its net profit in full-year 2002 to be less than the 41.4% growth seen in the nine months to September, as lower offtake prices erode the firm’s margins, company spokesman Chen Jingliang said. The Guangdong Price Bureau recently cut the…
CHINA: Guangdong Power sees slower earnings growth on tariff cuts
Posted on November 21, 2002 by EnergyAsia