Date
24 April 2018
Oct 24, 2013 7:40am

Shenhua Energy sees lower profit after tariff cut, filing says

China Shenhua Energy Co. Ltd (01088.HK, 601088.CN) expects its annual pre-tax profit to fall by about 610 million yuan (US$100.27 million) after a cut in on-grid tariff from its coal-fired plants, it said in a regulatory filing Wednesday. The company cut tariffs by 2.5 fen per kilowatt-hour in Jiangsu and Zhejiang provinces, the most among all regions, the filing said.

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