CompaniesHong KongNews brief

Power Assets interim profit rises 3.83 times to HK$14.704 billion, revenue falls 15%, dividend HK$0.78

Published: Updated: By 24TopNews Editorial Desk

Power Assets announced its interim results for the six months ended June 30. Net profit attributable to shareholders was HK$14.704 billion, up 3.83 times year-on-year, mainly benefiting from the group's disposal of its interests in UK Power Networks and UK Rails. Earnings per share were HK$6.9, and the interim dividend was maintained at HK$0.78 per share.

During the period, revenue was HK$298 million, down 15.34% year-on-year.

24TOPNEWS IMPACT INTELLIGENCE

Why this event matters

The event has a measured impact on 1 industry. The strongest current signal is neutral for Power Transmission Networks, with intensity 20/100 and 60% confidence over a short term horizon.

Energy · 1.13

Power Transmission Networks

Direction
neutral
Intensity
20
Confidence
60%
Horizon
Short term
Effective impact 0

Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.