CLP’s 2020 First-half Business Performance Broadly in Line with Last Year

CLP Holdings Limited (CLP) announced today the Group’s operating earnings for the first half of 2020 were HK$6,129 million, an increase of 12% compared to the same period of 2019. While the underlying performance of its operations remained stable, the increase in earnings was primarily due to positive changes in the fair value of energy hedging contracts. Total earnings were HK$6,010 million as compared to a loss of HK$907 million in 2019 following the impairment of goodwill in the Australian business.