OREANDA-NEWS. August 19, 2011.
Financial Highlights
Group operating earnings for the first half of 2011 increased by 12.7% to HKD 5,000 million, while total earnings (which include one-off items) decreased 2.0% to HKD 5,800 million, reported the press-centre of CLP Holdings.

Consolidated revenue rose by 45.7% to HKD 40,245 million.

Earnings from our electricity business in Hong Kong increasedby 3.3% to HKD 3,114 million. Including those businesses supporting the Hong Kong electricity business, these earnings rose by 2.8% to HKD 3,486 million.

Earnings from our business outside Hong Kong increased by 40.9% to HKD 1,726 million.

Second interim dividend of HKD 0.52 per share.

The Group’s operating earnings for the first half of 2011 were HKD 5,000 million, an increase of 12.7% compared with the corresponding period in 2010. This reflected growth in earnings from our increased investment in Australia, supported by a rise in earnings from our electricity businesses in Hong Kong and in India.

The Group’s total earnings for the first half of 2011 were HKD 5,800 million, a 2.0% decline from the same period in the previous year, due to the effect of differences in one-off events between the two periods. For 2011, these one-off items include a gain of HKD 876 million on the sale of our entire interest in Electricity Generating Public Company Limited of Thailand (EGCO), a gain of HKD 337 million from the reorganisation of Roaring 40s in Australia and the revaluation of commercial section of Hok Un redevelopment, namely the Fisherman’s Wharf, which added another gain of HKD 202 million. On the other hand, stamp duty of AUD78 million (HKD 615 million) was expensed in respect of our recent acquisition in New South Wales (NSW), Australia.