CLP Holdings 2011 Net Profit Declines 10%

Hong Kong's CLP Holdings Ltd CLPHY posted a 10% drop in its 2011 net profit. CLP's net profit for the period declined to HK$9.3 billion, versus HK$10.3 billion in 2010. However, analysts were expecting a net profit of HK$9.60 billion. CLP's revenue climbed 57% to HK$91.6 billion from HK$58.4 billion. CLP shares closed at $8.54 on Friday.