CK Hutchison H1 profit rises 4.3%, aims for solid H2 performance [Reuters]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
NASDAQ:AMEX Investor Relations:
ckh.com.hk/en/ir
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Source: Reuters
in the first six months rose 4.3%, helped by high energy prices, steady contributions from infrastructure businesses. Profit rose to HK$19.09 billion ($2.43 billion) from HK$18.3 billion a year earlier, after accounting adjustments. "The group will continue to aim to achieve growth in recurring earnings and increase shareholder return while maintaining a strong financial position," Chairman Victor Li said in a statement. The conglomerate said it is well-positioned to deliver solid performance in the second half and in the years ahead. "Looking ahead to the second half of the year, the European businesses should continue to deliver robust performances similar to last year, while Asian operations are also expected to recover well," Li said, commenting on its retail business. "The mainland market will likely continue to be challenging," he added. In June, CK Hutchison said investment giant KKR & Co (KKR.N) would invest $1 billion for a 25% stake in its British utility company
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