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Guangdong Electric Power Development Co Ltd Announces FY 2013 Q1 Net Profit Outlook

Friday, 12 Apr 2013 08:00pm EDT 

Guangdong Electric Power Development Co Ltd announced that it expects its net profit for the first quarter of fiscal year (FY) 2013 to be RMB 377,060,000 to RMB 416,760,000, or to increase by 541% to 609%, compared to the net profit of the same period in FY 2012 (RMB 58,780,000). The Company cited the impact of expansion of consolidated scope of financial statement due to business reorganization as well as decrease in coal price as the main reasons for the forecast. 

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