Hong Kong tycoon banks £45m from Superdrug [Yahoo! Finance]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Yahoo! Finance
The British retailer paid out the £45m dividend in 2024 to its owner, AS Watson, which is part of Sir Ka-shing's Chinese conglomerate CK Hutchison, according to new filings. Sir Ka-shing, 96, has received £170m in payouts from the high street retailer since 2021. The latest dividend follows a surge in profits, despite Superdrug warning that 2024 had been “ another tough year for the retail sector ”. Superdrug recorded a 23pc jump in pre-tax profits to £137m last year, which it said was mainly down to strong sales growth as revenues rose 7pc to hit £1.6bn. Bosses said this was because cheaper own-brand beauty ranges were more popular during the year, as hard-up shoppers were more sensitive to price rises. Peter Macnab, the Superdrug chief executive, said: “Available, affordable and inclusive all remain at the heart of what we do, and clearly our excellent product offering, delivered with vibrancy and convenience, is resonating with more and more of today's shoppers.” Super
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