CLP: 1Q Total Electricity Sales to Hong Kong, Mainland China Down 1.6% on Year

By Chester Yung Features Dow Jones Newswires

CLP Holdings Ltd. (0002.HK) said Thursday its first-quarter total electricity sales to Hong Kong and mainland China fell 1.6% from a year earlier to 6,686 gigawatt hours, partly dragged down by weaker demand in the city's residential sector.

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The Hong Kong-listed power company said the electricity sales in Hong Kong for the three months ended March 31 fell 1.8% on year to 6,512 GWh, while the sales for the city's residential sector posted a significant drop of 11.7% amid a warmer and less humid climate compared with a year earlier.

The company declared the first interim dividend of HK$0.59 a share.

Write to Chester Yung at chester.yung@wsj.com

(END) Dow Jones Newswires

May 11, 2017 06:55 ET (10:55 GMT)