November 20, 2008

Shanghai Electric sees H1 2008 net loss of CNY 560 million

XFN-Asia reported that Shanghai Electric Power Co Ltd expects a first half net loss of CNY 560 million mainly due to higher coal prices, as well as rising financing costs.

As per report, in the H1 of 2007, the company booked a net profit of CNY 211 million or CNY 0.135 per share.

The company is due to release audited first half financial results on Aug 29.