Monday, September 27, 2021
HomeBusinessHong Kong tycoon's £237m dividend payout from UK Power Networks

Hong Kong tycoon’s £237m dividend payout from UK Power Networks


Certainly one of Britain’s electrical energy grid operators pays billionaire proprietor £237m dividend for second yr in a row


Certainly one of Britain’s electrical energy grid operators has paid its billionaire Hong Kong proprietor a £237m dividend for the second yr in a row. 

UK Energy Networks, which runs electrical energy infrastructure in London, the South East and East of England, handed the large payouts to Li Ka-shing. 

The agency has been a part of his empire since 2010, when he purchased it for £5.5billion from France’s EDF. 

Energy play: UK Energy Networks, which runs electrical energy infrastructure in London, the South East and East of England, handed the large payouts to Li Ka-shing

Accounts present Li has extracted almost £2billion in dividends since then. Turnover at UK Energy Networks edged up from £1.73billion to £1.76billion within the yr to March 31. 

Nevertheless earnings fell from £692.5m to £614.8m. 

The agency mentioned the rise in revenues was primarily resulting from worth hikes, whereas rising prices have been blamed for the autumn in revenue. 

It mentioned investor returns reminiscent of dividends are capped by regulators and insisted it had invested £5.8billion in its networks underneath Li’s possession.

Commercial

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1,239,956FansLike

Most Popular