Company expected to see profit fall next year after new price-setting deal with Hong Kong government. Hong Kong utility CLP vows to help businesses and residents adopt renewable power generation. In the latest half year, CLP sold 4. The Hong Kong business saw net profit grow 3. CLP warned that second-half profit from Australia will be challenged by expectations of higher volatility and a decline in wholesale power prices.
However, the company said profit margins in the mainland remained under pressure from high coal prices and a lack of adjustment of benchmark
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It expected earnings to be squeezed in the second half by lower sales volumes and higher coal costs at its Fangchenggang plant in Guangxi Zhuang autonomous region. Skip to main content. Monday, 06 August,3: Monday, 06 August, More on this story.
Business CLP to help residents with home renewable power generation plan 5 May CLP shares rose 2. You are signed up. We think you'd also like. Thank you You are on the list. This article appeared in the South China Morning Post print edition as: CLP stock price at record as interim profit jumps 26pc.
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CLP Power Hong Kong Limited. View. In the example below, the bill issue date is the day of month you selected (say, every end of the. Shares of CLP Holdings, the larger of Hong Kong's two electricity suppliers, rose to an all-time high after it reported a 26 per cent rise in.