[ET Net News Agency, 16 March 2018] Power Assets (00006) said its profit attributable
to shareholders for the year ended 31 December 2017 rose 29.6% year-on-year to HK$8,319
million.
This was mainly due to a one-off gain on disposal of properties recorded in 2017, the
first full-year contribution from Husky Midstream partnership, contribution from newly
acquired investment in the DUET Group (DUET) and more favourable exchange rates on
translation of foreign currency deposits to Hong Kong dollar. The profit increase was
partially offset by a one-off deferred tax credit recognised in 2016 for a reduction of
corporate tax rate in the United Kingdom.
Basic and diluted earnings per share were HK$3.9.
The revenue was HK$1,420 million, an increase of 10.2% from a year earlier.
The Power Assets Directors declared a one-off special interim dividend of HK$6 per share
for 2017, payable on 16 April. The proposed final dividend is HK$2.03 (2016: HK$2.02) per
share, payable on 29 May. (HL)
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00006 POWER ASSETS
Nominal 
43.100 0.000 (0.000%) Others
16/03/2018 12:17
Power Assets (006) year net up 30% to HK$8.32bn; div HK$8.03
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