Power Assets (00006) said its profit attributable to shareholders for the six months ended 30 June 2014 surged 10.8 times year-on-year to HK$56,544 million.
Such profit includes a one-time gain of HK$52,928 million from the spin-off of HK Electric (02638) in January 2014. Excluding this one-time gain, the Group's unaudited profits were HK$3,616 million, dropped by 24.2%, mainly due to a reduction of interest in HK Electric from 100% to 49.9%.
The turnover was HK$1,432 million, a decrease of 73.9% from a year earlier.
The proposed interim dividend is HK67 cents (2013: HK65 cents) per share, payable on 4 September.
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