OREANDA-NEWS.  April 08, 2014. China Suntien Green Energy Corporation Limited said that its profit attributable to owners of the Company for the year ended 31 December 2013 was RMB460 million, representing a decrease of RMB90 million compared with the RMB550 million last year.

This was primarily attributable to the decrease in net profits from the wind power segment as compared with last year. Earnings per share attributable to shareholders of the Company for the latest-year was RMB0.1419.

During the reporting period, the Group recorded a net profit of RMB675 million, representing a decrease of 15.2% as compared with 2012. Among others, the natural gas segment recording a net profit of RMB364 million, representing slight decline as from 2012; the wind power segment recording a net profit of RMB354 million, representing a decrease of 20.2% as compared with 2012. This was primarily due to the decrease in revenue of the wind farms in which the Group has non-controlling interests; new taxation policies applicable to the wind power segment, resulting in the write-off of income tax for 7 wind power projects in 2012.

In 2013, the Group recorded revenue of RMB4.661 billion, representing an increase of 25.9% from 2012.