CLP Annual Profit Dips As HK Sales Growth Stalls
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2019-02-25 HKT 15:41
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CLP has posted a 5 percent fall in annual profit for last year to more than HK$13.5 billion, coming in lower than expected.
Profit from Hong Kong dropped by 3.4 percent during the period to more than HK$8.5 billion as sales grew by just 1.5 percent last year.
But its mainland and overseas business performed well, rising 30 percent to just under HK$6.2 billion.
Despite the profit fall, CLP will give a final dividend of HK$1.19, taking full-year dividend to HK$3.02 up by almost 4 percent.
CLP shares dropped more than 2 percent following the annual results announcement.
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