It is reported that Hubei Energy Group, the largest power generation enterprise in Hubei province, forecasts a 1,800%YoY to 2,000%YoY surge in 2010 net profit attributable to shareholders to between CNY 938 million and CNY 1.04 billion.

The group completed a major restructuring of assets in 2010. The assets swapped in are estimated to have contributed net profit of between CNY 897 million and CNY 999 million for the year.

In addition, the group sold its stake in Qingneng Property and recorded significant non-recurring gains from the transaction

(Sourced from 163.com)