CHINA Yangtze Power Co, operator of the world's largest hydro-power project, said 2007 profit rose 49 percent on increased generation and investment income.

Net income climbed to 5.37 billion yuan (US$766 million), or 0.5844 yuan a share, from 3.62 billion yuan, or 0.4321 yuan, a year earlier, the Beijing-based company said in a statement to the Shanghai stock exchange. Sales rose 24 percent to 8.74 billion yuan.

Yangtze Power said in a January preliminary earnings statement that it expected profit of 5.32 billion yuan for the year and sales of 8.7 billion yuan.