Huaneng Power International, Inc. (NYSE: HNP) shook the stock markets today

The stock market did not expect Huaneng Power International high profits

In brief: Huaneng Power International, Inc. (NYSE: HNP) semi-annual earnings showed an unexpected rise, putting bears in a deadlock.

Huaneng Power International, Inc. (NYSE: HNP) rose 24.19 points to the mark, gaining +0.04 (0.17%) yesterday. Huaneng Power International has been a boon to the Bulls.

Huaneng Power International, the largest unit in China, an energy producer, recorded a sudden increase in profits for the first half due to increased production volumes to meet consumer demand. Company’s net profit for the first half rose to 1.87 billion yuan a year earlier to 1.93 billion yuan ($ 284.7 million). Analysts on average expected earnings decline to 1.8 billion yuan.

Ukrainian Globalist
2010-08-11 09:43, Economics.

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