Summary by Futu AI
Power Assets has announced its financial report for the first half of 2024, ending on June 30. The attributable profit to shareholders reached 3.6 billion Hong Kong dollars, an increase of 2% compared to the same period last year, which was 2.959 billion Hong Kong dollars. The earnings per share were 1.41 Hong Kong dollars, similar to the 1.39 Hong Kong dollars in the same period last year. The interim dividend remains at 0.78 Hong Kong dollars per share. Despite the rise in global market interest rates and the impact of price control on the UK Power Networks business, the group has maintained a strong performance. During this period, the group completed the acquisition of two low-carbon energy businesses in the United Kingdom, enhancing its long-term income potential. Power Assets has been awarded a credit rating of "A / Stable" by Standard & Poor's, with a net debt to equity ratio of 2%, demonstrating strong financial strength. The interim dividend will be distributed to shareholders who have been registered as of September 12 on September 24, 2024.