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CLPHY (CLP Holdings) Allowance For Loans And Lease Losses


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What is CLP Holdings Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


CLP Holdings Business Description

Industry
Traded in Other Exchanges
Address
43 Shing Kai Road, Kai Tak, Kowloon, Hong Kong, HKG
CLP Holdings is the larger of the two electric utility companies in Hong Kong, serving 80% of the city population. It generates, transmits and distributes electricity to about 2.6 million customers in Kowloon and the New Territories. CLP receives a permitted return on net fixed assets of 8.0% from the Hong Kong government. Besides Hong Kong, the company has expanded its reach overseas, with generation and retail assets in Australia and generation assets in China, India, Taiwan, and Southeast Asia. Its Hong Kong utility activities made up around 68% of recurring net profit in 2024, with mainland China power generation second, contributing 16%. Other regions contributed 15%.