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  • September 20, 2014
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  1. Johnson Electric earnings plunge 98pc to US$2.59m

    Posted Jun 06th 2009, 12:00am by Toh Han Shih

    ... Toh Han Shih Johnson Electric Holdings' net profit collapsed 98 per cent to US$2.59 million for the year to March, far below analysts' forecasts of almost US$52 million. ... and challenging conditions that Johnson Electric has faced in its 50-year history. Over the course of the second half, the global financial crisis has triggered a collapse in consumer demand and a rapid ...

  2. HK Electric beats forecasts with HK$8b profit

    Posted Mar 18th 2009, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong Electric Holdings delivered a forecast-beating net profit of HK$8 billion last year, powered by newly acquired projects overseas and lower depreciation charges of mainstay power assets on its home turf. Contributions from the Wellington electricity distribution network in New Zealand, an increased shareholding in gas distributor Northern Gas Networks ...

  3. HK Electric banks on overseas investments to offset profit drop

    Posted May 16th 2008, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong Electric Holdings expects the profit of its mainstay power supply services on Hong Kong and Lamma islands to decline next year when a new regulatory regime takes ... because the subprime lending crisis made fund-raising difficult.' Hongkong Electric, which sold 1.8 per cent more electricity in Hong Kong in the first three months of this year, will have ...

  4. Johnson Electric aims to boost sales by 10pc

    Posted Jul 25th 2008, 12:00am by Staff Reporter

    ... Jeff Pao Johnson Electric Holdings, a Hong Kong-listed micro-motor maker, expects sales growth of more than 10 per cent to US$2.5 billion in this financial year with the launch of new ... province, to reduce labour costs. Johnson Electric shares fell 1.98 per cent to HK$3.46 yesterday. ...

  5. Shanghai Electric courting partners

    Posted Jan 12th 2004, 12:00am by Mark O'Neill

    ... foreign and domestic partners for 6.5 billion yuan of assets and listings at home and in Hong Kong in an attempt to become China's version of Siemens or General Electric. On Saturday, the managers of the Shanghai Electric group signed an agreement with Shanghai United Assets & Equity Exchange, putting on the exchange assets worth 6.5 billion yuan and asking for partners ...

  6. Electricity shortages fuel 29pc profit surge for Beijing Datang

    Posted Mar 18th 2004, 12:00am by Denise Tsang

    ... Denise Tsang Chronic electricity shortages on the mainland last year fuelled earnings at Hong Kong-listed Beijing Datang Power Generation, which reported a rise in net profits of nearly 29 per cent to 1.81 billion yuan. The strong results, along with those of Huaneng Power International released on Tuesday, demonstrate how independent power producers (IPP) ...

  7. Enerchina to offer cheap electricity

    Posted Apr 09th 2005, 12:00am by Georgina Lee

    ... to break into the Hong Kong power market, saying it could supply electricity more cheaply than under the city's present tightly controlled energy duopoly. Executive director Thomas Ou Ya-ping, ... of electricity-generation revenue from the city's two suppliers, CLP Holdings and Hongkong Electric Holdings. 'We are awaiting details from the Hong Kong government's conclusion [on the future ...

  8. Engineers still in the dark over power failure at Chek Lap Kok

    Posted Jun 12th 2004, 12:00am by Kelvin Chan

    ... electrical distribution grid, but had few clues about what happened. Mr Wong said the supply from CLP Power and the backup generators were not the cause. 'The main problem of [Thursday's] ... air-conditioning systems and check-in counters all lost their electricity supply and three people were trapped inside lifts after five safety switches were activated to shut the power system down. Two ...

  9. SOC changes make tariff rises harder

    Posted Nov 22nd 2003, 12:00am by Denise Tsang

    ... Denise Tsang Power firms reject government proposal seeking lower return on assets Modifications to the scheme of control (SOC) regulating the electricity sector will have positive implications for customers and CLP Holdings, according to industry observers. The government, CLP and Hongkong Electric Holdings have agreed to amend some financial and administrative issues ...

  10. Clearly inadequate

    Posted Mar 14th 2010, 12:00am by Howard Winn

    ... Kong's electricity output and reduce its carbon dioxide emissions by 1.4 per cent. Meanwhile, Hongkong Electric Holdings recently submitted an environmental impact assessment for a HK$3 billion ... for CLP's wind farm, but the Hongkong Electric project is still awaiting approval. Hongkong Electric says the project would produce the equivalent of 1 to 2 per cent of its current electricity ...




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