Brief: China Renewable Energy Investment Declares Final Dividend Of 0.5 HK Cents Per Ordinary Share

China Renewable Energy Investment

18/03/2022 10:20

March 18 (Reuters) - China Renewable Energy Investment Ltd
 0987.HK :
    * RESOLVED TO DECLARE A FINAL DIVIDEND OF HK0.5 CENTS PER
ORDINARY
SHARE
    * FY PROFIT ATTRIBUTABLE HK$113.4 MILLION VERSUS HK$86.2
MILLION
    * FY REVENUE HK$250.3 MILLION VERSUS HK$206.1 MILLION
    * SEES DEMAND FOR RENEWABLE ENERGY TO REMAIN STRONG
    * CONCERNED BY GOVERNMENT'S DECISION TO ELIMINATE TARIFF
SUBSIDIES
FOR NEW ONSHORE WIND PROJECTS
    * ANTICIPATE THAT PRICE FOR RENEWABLE ENERGY WILL CONTINUE
RISING
    * SLOWED EXPANSION UNTIL CO SURE ABOUT INCENTIVES TO
CONTINUE TO
BUILD NEW WIND FARMS

Source text for Eikon:  ID:nHKS1ylGZs 
Further company coverage:  0987.HK 

 ((Reuters.Briefs@thomsonreuters.com;))