CLP H1 Net Profit Down 42%

Hong Kong's CLP Holdings Ltd CLPHY reported a 42% drop in its first-half net profit. CLP's net profit for the period fell to HK$3.36 billion (US$430 million), versus HK$5.8 billion, in the year-ago period. Its revenue climbed 13% to HK$46.16 billion, versus HK$40.68 billion. CLP proposed a Q2 dividend of HK$0.53, versus HK$0.52, in the year-ago period. CLP shares fell 0.23% to close at $8.61 yesterday.