CLP Posts 12 Percent Rise In Annual Profits
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2018-02-26 HKT 13:01
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CLP has posted a 12 percent rise in annual profit for last year to more than HK$14.2 billion, driven by sharp rises in India and Australia.
Operating earnings from its electricity business in Hong Kong rose 2.6 percent to more than HK$8.8 billion, while earnings from the mainland and Taiwan both fell due to high coal prices.
The company said it will soon present the environmental impact assessment of an offshore LNG terminal to the government, and that its new gas-fired power station at Black Point will start operation in time for a 2020 deadline.
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