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.
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