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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  CLP Holdings Limited    2   HK0002007356

CLP HOLDINGS LIMITED

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CLP : Swung to First-Half Profit as Revenue Fell

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08/03/2020 | 01:57am EDT

By Yifan Wang

CLP Holdings Ltd. said it swung to a profit during the first half of the year, thanks to the lack of the goodwill impairment for its Australian business which dragged the firm into a loss a year earlier.

Net profit was 6.01 billion Hong Kong dollars (US$775.4 million) in the first six months of 2020, compared with a loss of HK$907 million in the same period a year earlier.

Revenue fell 12% from a year earlier to HK$38.70 billion as restrictions to contain the coronavirus pandemic dampened electricity demand from businesses, the power producer said.

CLP declared a second interim dividend of HK$0.63 per share, unchanged from a year earlier.

It remains confident on its operational health despite expectedly high business uncertainties in the coming months as the pandemic continues to evolve.

 

Write to Yifan Wang at yifan.wang@wsj.com

 


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Financials
Sales 2020 84 322 M 10 876 M 10 876 M
Net income 2020 11 561 M 1 491 M 1 491 M
Net Debt 2020 45 840 M 5 913 M 5 913 M
P/E ratio 2020 15,7x
Yield 2020 4,33%
Capitalization 181 B 23 390 M 23 381 M
EV / Sales 2020 2,69x
EV / Sales 2021 2,57x
Nbr of Employees 7 959
Free-Float 71,6%
Chart CLP HOLDINGS LIMITED
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Technical analysis trends CLP HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 88,33 HKD
Last Close Price 71,75 HKD
Spread / Highest target 39,4%
Spread / Average Target 23,1%
Spread / Lowest Target 11,5%
EPS Revisions
Managers
NameTitle
Richard Kendall Lancaster Chief Executive Officer & Executive Director
Michael David Kadoorie Chairman
David Christopher Smales Chief Operating Officer
Geert Herman August Peeters Chief Financial Officer & Executive Director
Andrew Clifford Winawer Brandler Non-Executive Director
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