HK Electric Investments' H1 Profit Falls

MT Newswires Live08-27

HK Electric Investments' (HKG:2638) attributable profit fell to HK$947 million in the first half from HK$982 million in the year-ago period, according to a Tuesday filing with the Hong Kong Stock Exchange.

Earnings per share stapled unit at the electric power distribution company decreased to HK$0.1072 from HK$0.1111 in the previous year.

Revenue grew to HK$5.57 billion from HK$.23 billion a year earlier.

The company will pay an interim distribution of HK$0.1594 per share stapled unit, payable Sept. 6 to shareholders on record as of Aug. 28.

Shares closed 2% higher during Tuesday's afternoon trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment