Weak winds hurt ChinaPower profits

“It was also impacted by lower wind speeds…”

“Shares in Hong Kong-listed wind farm operator China WindPower fell more than 6% after the company said it expects to post a “significant” drop in net profit for 2012. The company says the decline in profits compared with the previous year is mainly due to the decrease in gains from disposal of stakes in wind projects, and the lower income from electricity output.” [Recharge]

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