CK Hutchison Warns Growth Risks Building After Profit Drops [Financial Post (Toronto, Ontario, Canada)]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
NASDAQ:AMEX Investor Relations:
ckh.com.hk/en/ir
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — CK Hutchison Holdings Ltd. reported its steepest drop in profit since 2015 and struck a cautious tone for the year ahead as uneven growth and heightened geopolitical risks weigh on the conglomerate's global operations. The company, founded by Hong Kong billionaire Li Ka-shing, reported net income of HK$23.5 billion ($3 billion), down 36% from a year earlier though broadly in line with expectations. Revenue rose to HK$462 billion from HK$457 billion a year earlier, it said in a statement Thursday. It cut its full-year dividend by 14% to HK$2.53 per share. Article content Article content CK Hutchison, now led by Victor Li, said profit fell on mixed conditions across its ports to telecommunications and retail empire. While the US showed continued resilience, conditions in Europe, Hong Kong, and mainland China were challenging. That included persist
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