Australian sales power CLP earnings growth in first nine months

CLP Holdings said yesterday revenue rose 14.1 per cent to HK$77.51 billion in the first nine months of this year.

Turnover from the company's Australian energy business, its biggest source of revenue, jumped 15.9 per cent to HK$48.77 billion, while its electricity business in Hong Kong, its second-biggest revenue source, grew 9.7 per cent to HK$25.56 billion.

The gain in Hong Kong was due to more sales and increased tariffs, while the growth in Australia came from higher tariffs and recognition of revenue from New South Wales assets that were acquired in March last year.

via Business feed http://www.scmp.com/business/commodities/article/1062061/australian-sales-power-clp-earnings-growth-first-nine-months