In its 2024 interim results report, the power industry announced an unaudited profit of HK$3 trillion6 million, up 2% from the same period last year. The company replaced a new chairman on April 1, 2024 and thanked former chairman Mr. Ho Jianning for his contributions. The company maintained solid performance amid rising global market interest rates and the UK Power Networks business affected by new price controls. In addition, the company declared an interim dividend of HK$7.8 per share, to be distributed on 24 September 2024. During the period, the power business completed acquisitions of the UK's low-carbon energy business, including Phoenix Energy, the largest gas utility in Northern Ireland, and UU Solar, which has 70 solar, wind and hydro projects. The company also acquired a...Show More

In its 2024 interim results report, the power industry announced an unaudited profit of HK$3 trillion6 million, up 2% from the same period last year. The company replaced a new chairman on April 1, 2024 and thanked former chairman Mr. Ho Jianning for his contributions. The company maintained solid performance amid rising global market interest rates and the UK Power Networks business affected by new price controls. In addition, the company declared an interim dividend of HK$7.8 per share, to be distributed on 24 September 2024. During the period, the power business completed acquisitions of the UK's low-carbon energy business, including Phoenix Energy, the largest gas utility in Northern Ireland, and UU Solar, which has 70 solar, wind and hydro projects. The company also acquired a portfolio of UK onshore wind power assets on 13 August 2024 for approximately HK$3.5 billion and is expected to close in September. The credit rating of the power industry is confirmed by S&P as “A/ stable”, indicating the company's strong financial strength. Looking ahead, the power industry will continue to look for investment opportunities that meet the Group's criteria and focus on developing quality assets in a mature, well-regulated energy market.