| Business Summary | | CLP
Holdings
Limited
(the
Group)
is
an
electric
utility
company
in
Asia.
CLP
Power,
the
Group's
principal
subsidiary,
supplies
electricity
to
1.8
million
business
and
residential
accounts
in
Kowloon,
the
New
Territories
and
most
of
the
outlying
islands
of
Hong
Kong.
With
core
business
in
Hong
Kong,
the
Group,
through
its
subsidiaries,
also
develops
and
operates
power
business
in
Mainland
China
and
several
other
Asian
countries.
CLP's
activities
fall
into
two
broad
categories.
The
first
is
the
core
electric
utility
business
operated
under
CLP
Power
in
Hong
Kong,
which
is
regulated
by
a
Scheme
of
Control
Agreement
with
the
Hong
Kong
Government.
The
second
category
includes
the
Group's
power-related
investments
and
services
both
in
and
outside
of
Hong
Kong. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CLP
Holdings
Limited
engages
in
the
businesses
of
electricity
generation
and
supply
in
Hong
Kong,
and
power
projects
in
mainland
provinces
of
China
and
other
parts
of
Asia.
For
the
comparable
six
months
ended
6/30/00,
total
revenues
rose
2%
to
HK$10.95
billion.
Net
income
before
U.S.
GAAP
decreased
7%
to
HK$2.93
billion.
Results
reflect
increased
earnings
from
the
Scheme
of
Control
utility
business,
offset
by
a
HK$900
million
impairment
loss
on
investment
in
associated
company. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Michael Kadoorie, 58 | Chairman | J. Dickson Leach, 54 | Vice
Chairman | W. Mocatta, 46 | Vice
Chairman | Peter Tse, 48 | CFO,
Exec. Director | Ross Sayers, 58 | Managing
Director, CEO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|