EM ASIA CREDIT: 2024 Results: CLP Holdings (CHINLP, A1/A+/NR) - Beat

CLP Holdings (CHINLP, A1/A+/NR)

"*CLP HOLDINGS FY NET INCOME HK$11.74B, EST. HK$10.96B" - BBG

• CLP Holdings, the Asia-Pacific electricity utility, has reported FY results ahead of consensus - neutral for spreads.
• 2024 operating profits rose 8.1% YoY to HK$10.9bn, with Energy Australia a standout contributor (HK$773m improvement).

• Reported leverage for the FY24 was unchanged at 2.2x versus the year ago period.