Company Profile For CLP Holdings Ltd

CLP Holdings Ltd (0002.HK) (Hong Kong Stock)

sector: Utilities · industry: Utilities - Electric ·

As of 25 Nov 2009

52.80HKD

Price Change

+0.15

Percent Change

+0.28%

Analyst Recommendations

Overview

CLP Holdings Limited is the holding company for the CLP Group of companies. The Company is an investor-owned power business in Asia. The Company, along with its subsidiaries, is principally engaged in the generation and supply of electricity in Hong Kong, Australia and India, and investment holding of power projects in the Chinese mainland, Southeast Asia and Taiwan. The financial operations of CLP Holdings Limited’s major subsidiary, CLP Power Hong Kong, and its jointly controlled entity, CAPCO, are governed by a Scheme of Control (SoC) entered into with the Hong Kong Government. The Company’s electricity business in Hong Kong is also referred to as the SoC business. The Company operates, through its subsidiaries, jointly controlled entities and associated companies, in five geographical regions: Hong Kong, Australia, the Chinese mainland, India, and Southeast Asia and Taiwan.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, CLP Holdings Limited's revenues decreased 15% to HK$23.5B. Net income decreased 42% to HK3.24B. Revenues reflects decreased sale of electricity, lower lease service income, a fall in finance lease income and decreased sale of gas. Lower income also reflects decreased finance income, lower share of income from jointly controlled entities and higher share of loss from associated companies.