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  • August 23, 2014
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  1. HK Electric parent's profit up on UK assets

    Posted Jul 28th 2011, 12:00am

    ... Denise Tsang Denise.tsang@scmp.com Power Assets Holdings, formerly Hongkong Electric Holdings, is hunting for more overseas investments after recently acquired energy businesses catapulted its interim profit 47.3 per cent to a record HK$4.05 billion. For the first time in its 120-year history, the electricity utility had overseas assets generating more profit than its Hong Kong ...

  2. CKI and HK Electric under credit watch

    Posted Aug 03rd 2010, 12:00am by Staff Reporter

    ... Bien Perez The ratings of Cheung Kong Infrastructure Holdings and Hongkong Electric Holdings were placed on credit watch yesterday after an offer to buy Electricite de France's power ... the electricity networks. ...

  3. HK Electric sees further boost from foreign units

    Posted Mar 04th 2010, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong Electric Holdings expects an even larger contribution from its overseas portfolio this year after it provided a much-needed cushion to tumbling profitability on its ... which was down 18.63 per cent. However, the decline was less severe than analysts' forecasts. The combined electricity generation and distribution assets on the mainland, in Australia, ...

  4. Overseas income cushions drop in HK Electric profits

    Posted Aug 06th 2009, 12:00am by Denise Tsang

    ... Denise Tsang Power utility Hongkong Electric Holdings is hunting for more overseas acquisitions after assets from abroad cushioned a 15.9 per cent decline in first-half net profit ... slump in profit to HK$1.78 billion from the regulated electricity supply to customers on Hong Kong and Lamma islands. This is the first set of interim results since the new regulatory regime ...

  5. HK Electric hits permitted return as interim earnings climb to HK$4.8b

    Posted Mar 07th 2008, 12:00am by Staff Reporter

    ... Neil Gough Hongkong Electric Holdings managed last year to achieve its government-permitted return for the first time in five years- and possibly for the final time. The power supplier ... and a 1.1 per cent increase in per-unit electricity sales. 'The initial numbers are better than we expected,' said Stephen Oldfield, the head of Asian utilities research at UBS. 'It ...

  6. HK Electric earnings grow 7.3pc

    Posted Aug 10th 2007, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong Electric Holdings' first-half earnings grew 7.3 per cent to HK$2.66 billion as overseas operations cushioned a lacklustre performance at home. The utility, which ... Holdings earn between a 13.5 per cent and 15 per cent return on the average net fixed assets in use. The decline was despite an average 2.5 per cent rise in Hongkong Electric's tariffs ...

  7. Hongkong Electric lines up $5b loan to refinance debt

    Posted Jul 11th 2006, 12:00am by Denise Tsang

    ... Denise Tsang The power company is evaluating a margin of 25 basis points above Hibor Power utility Hongkong Electric Holdings is arranging a $5 billion, seven-year loan largely ... arrangers. The loan, if it goes ahead, will be the utility's second this year after an A$617 million ($3.5 billion) five-year loan for its Australian subsidiary Hongkong Electric International ...

  8. HK Electric sees 1.8pc growth in consumption

    Posted May 12th 2006, 12:00am by Denise Tsang

    ... Denise Tsang Group hopes to finalise an overseas investment this year as it braces for lower returns A stronger economy fuelled a 1.8 per cent growth in electricity consumption on the Hong Kong and Lamma islands in the first three months of this year, according to power utility Hongkong Electric Holdings. Busier commercial activities boosted the occupancy rate of shops ...

  9. HK Electric's profit hits home

    Posted Mar 10th 2006, 12:00am by Denise Tsang

    ... Denise Tsang Sale of overseas assets masks continuing shortfall in the permitted rate of return Hongkong Electric Holdings, which failed to earn a maximum return on its core power supply for the past three years, expects history to repeat itself this year. While one-off earnings from the sale of overseas assets- with contributions from electricity distribution assets in Australia ...

  10. HK Electric warns curbs put supply at risk

    Posted Feb 21st 2006, 12:00am by Denise Tsang

    ... Denise Tsang Utility says lower returns and pollution penalties will discourage investment Power utility Hongkong Electric Holdings says government plans to cut its future permitted ... regretted that Hongkong Electric 'got tense' as the government did not consult both companies ahead of releasing the consultation document. 'We are frustrated at the proposals ...




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