Power Assets Holdings ( (HK:0006) ) has issued an announcement.
Power Assets Holdings Limited reported a robust financial performance for 2024, with a net profit of HK$6,119 million, marking a 2% growth from the previous year. The company has strategically expanded its portfolio through acquisitions, including Phoenix Energy and UK Renewables Energy, enhancing its market position and ensuring sustainable growth. The firm maintains a strong financial foundation with a low net debt to net total capital ratio and an ‘A/Stable’ credit rating, positioning it well for future opportunities. The UK market remains significant for Power Assets, contributing HK$3,199 million in 2024, supported by strong operational results from UK Power Networks and other entities.
More about Power Assets Holdings
Power Assets Holdings Limited is a company operating in the energy sector, focusing on investments in regulated assets and international quality businesses. It has a strong presence in the United Kingdom and Australia, with interests in natural gas distribution and renewable energy projects.
YTD Price Performance: 0.15%
Average Trading Volume: 6,368
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $13.74B
For detailed information about 0006 stock, go to TipRanks’ Stock Analysis page.