CLP Holdings Reports 9% Decrease in Comprehensive Income for First Half of the Year, Declares Interim Dividend of HK$0.63
Gelonghui, August 7 – CLP Holdings (00002.HK) has announced a 9% decrease in comprehensive income for the first half of the year, amounting to HK$43.302 billion. The company’s operating profit, however, saw a significant increase of 19.3% to HK$4.955 billion before changes in fair value.
The rise in operating profit can be attributed to the robust and reliable business performance of CLP Holdings in Hong Kong and Mainland China. Outside of its core markets, the company also experienced an improvement in the overall performance of its relevant business units. Additionally, CLP Holdings recorded a slight fair value gain on EnergyAustralia’s forward sales of energy contracts in the first half of 2023, as opposed to the unfavorable fair value change of HK$8 billion recorded in 2022.
After accounting for unrealized fair value changes and items affecting comparability, CLP Holdings’ total profit for the first six months of this year reversed from a loss of HK$4.855 billion in the same period last year to a profit of HK$5.06 billion. The company’s consolidated revenue witnessed a 9% decrease, amounting to HK$43,302 million, primarily due to a 5% decrease resulting from the termination of the merger of Apraava Energy.
In line with the company’s performance, the board of directors announced an interim dividend of HK$0.63 per share, which remains the same as the dividend declared in 2022.
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