Power Development (01277) announced interim results. Profit attributable to shareholders of 768 million yuan increased 36.82% year-on-year

According to the Zhitong Finance App, Power Development (01277) announced its 2026 interim results, with revenue of approximately RMB 2,521 billion, up 0.4% year on year; profit attributable to shareholders of the company was 768 million yuan, up 36.82% year on year; basic profit per share was 9.11 points, with an interim dividend of HK6.0 cents per share.

According to the announcement, the increase in net profit was mainly due to the improved performance of the coal mining division and the effective control of operating costs by each operating division of the group.

During the reporting period, the average sales price of the group's 5,000 kcal low-sulphur environmentally friendly thermal coal was about RMB 694.0 per ton, an increase of about 17.6% over the same period last year. Affected by the market environment and shipping strategy during the same period, the sales volume of this product fell by about 10.3% year-on-year during the reporting period