Power Assets' Profit Up in H1

MT Newswires Live08-14

Power Assets Holdings (HKG:0006) recorded a 2% rise in attributable profit for the six months ended June 30 to HK$3.01 billion from HK$2.96 billion during the year-ago period, a Wednesday bourse filing stated.

Earnings per share were HK$1.41 in the first half, up from HK$1.39 in the corresponding period of 2023.

Revenue at the energy-related investment holding company fell to HK$454 million during the interim period from HK$662 million in H1 2023.

The company has declared an interim dividend of HK$0.78 per share, payable Sept. 24 to shareholders of record on Sept. 12.

Price (HKD): $54.95, Change: $+0.25, Percent Change: +0.46%

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