Summary by Moomoo AI
Power Assets announced its 2024 interim financial report. For the first 6 months ending on June 30, shareholders' attributable profit reached 3.06 billion Hong Kong dollars, up 2% from the same period last year of 2.959 billion Hong Kong dollars. Earnings per share were 1.41 Hong Kong dollars, similar to 1.39 Hong Kong dollars in the same period last year. The interim dividend remains at 0.78 Hong Kong dollars per share. Despite rising global market interest rates and the impact of price controls on UK Power Networks business, the group still maintains a solid performance. During the period, the group completed the acquisition of two low-carbon energy businesses in the United Kingdom, enhancing long-term income potential. Power Assets has been confirmed with an "A/stable" credit rating by Standard & Poor's, with a net debt-to-total capital ratio of 2%, demonstrating strong financial strength. The group will distribute the interim dividend on September 24, 2024, to shareholders registered as of September 12.
