Strengthened Climate Commitment with Progress in Decarbonisation Investments Group Earnings Lower Despite Robust Operations and Strong Hong Kong Performance

CLP Holdings Limited (CLP) today announced its 2021 Annual Results. Operating earnings decreased 17.8% to HK$9,517 million from 2020, while total earnings fell 25.9% to HK$8,491 million. The drop in total earnings was primarily due to significantly lower earnings from the generation portfolio of EnergyAustralia and high coal prices in Mainland China. There were also several one-off charges including the settlement of a long-running litigation in Australia and costs in ensuring the safe operation of the Yallourn mine following the impact caused by extreme weather.