Power Assets Holdings ( (HGKGF) ) has released its Q4 earnings. Here is a breakdown of the information Power Assets Holdings presented to its investors.
Power Assets Holdings Limited, a prominent player in the energy and utility sector, is known for its investments in regulated assets across various international markets. The company’s 2024 earnings report highlights a robust financial performance with a net profit increase of 2% year-on-year, reaching HK$6,119 million. Despite global market volatility, Power Assets has maintained stability through strategic investments and acquisitions, including interests in Phoenix Energy and UK Renewables Energy, enhancing its portfolio with steady revenue streams. The company also reported strong contributions from its UK and Australian portfolios, with significant achievements in renewable energy projects and regulatory milestones. Looking ahead, Power Assets remains focused on sustainable growth through strategic acquisitions in well-regulated markets, aiming to deliver consistent shareholder value amidst challenging economic conditions.