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<Blue Chip Results>POWER ASSETS (00006.HK) Annual NP Gains 6.3% to $6.003B; Final DPS $2.04
POWER ASSETS (00006.HK) announced its annual results for the year ended December 2023, with revenue of $1.292 billion, up 2.1% YoY. Net profit was $6.003 billion, rising 6.3% YoY, ...
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<Blue Chip Results>POWER ASSETS (00006.HK) Annual NP Gains 6.3% to $6.003B; Final DPS $2.04
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POWER ASSETS (00006.HK)  -0.100 (-0.199%)    Short selling $3.90M; Ratio 5.845%   announced its annual results for the year ended December 2023, with revenue of $1.292 billion, up 2.1% YoY. Net profit was $6.003 billion, rising 6.3% YoY, with an EPS of $2.82. A final dividend of $2.04 was declared, flat YoY. Together with the interim dividend of $78 cents per share, the total dividend for the year was $2.82, also flat YoY.

During the period, the United Kingdom, PAH's largest operating market, contributed $2.808 billion to the group's profit, rising 11.6% YoY. The profit contribution from the group's Australian operations amounted to $1.265 billion, falling 5.7% YoY.

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The Group's net cash level at the end of December 2023 was $1.104 billion. It was $2.658 billion in 2022.

The 2019-2023 development plan of subsidiary HKELECTRIC-SS (02638.HK)  -0.010 (-0.164%)    Short selling $106.75K; Ratio 1.402%   was successfully completed during the year. Under the $26.6 billion blueprint, 3 new gas-fired generating units and a joint-venture offshore liquefied natural gas (LNG) terminal were built, enabling HKELECTRIC to increase the proportion of electricity generated from natural gas to around 70% from 2024 onwards and contributing to the city’s carbon reduction efforts. It is also making progress on the deployment of smart meters across the city and around 60% of its customers are now fitted with smart meters.


(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-18 12:25.)

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