HONG KONG -- Regional electricity provider CLP Holdings said Monday trading conditions in Australia and China -- its two biggest markets outside Hong Kong -- remain tough after operations in those countries dragged down the company's bottom-line in the first half.
CLP, short for China Light and Power, posted a 3.5% year-on-year decline in net profit to 5.91 billion Hong Kong dollars ($760 million) in the six months ended June. Revenue grew 12% but expenses rose 15% in the period.
