RNS Number : 1884G
Zhejiang Southeast Elec Power Co Ld
27 January 2010
Zhejiang Southeast Electric Power Company Limited
Announcement on Projected Profit in 2009
I. Projected earnings for the stated period
1. Forecasted Period: 1 January 2009 to 31 December 2009
2. Earnings Forecast: Based on careful calculations, the Company estimates that net profit attributable to shareholders for the year 2009 shall have a year-on-year increase over 1000%
3. This forecast has not been audited.
II. Earnings for the same period of the previous year
1. Net profit attributable to shareholders in 2008: RMB 27,046,056.67
2. Earnings per share in 2008 (on the basis of the net profit attributable to shareholders): RMB 0.0135
III. Explanation of reasons for the projected profit
It is estimated that net profit attributable to shareholders for the year 2009 shall have a year-on-year increase over 1000% because of the decrease of coal price and the increase of on-grid tariff in 2009.
IV. Investment risks
The Company shall disclose detailed financial results in its 2009 Annual Report. Investors are advised to be aware of investment risks.
Board of Directors
Zhejiang Southeast Electric Power Company Limited
27 January 2010
This information is provided by RNS
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