Signage for Hong Kong International Terminal (HIT), a unit of CK Hutchison, is displayed on gantry cranes at Container Terminal 9 at Kwai Tsing Container Terminal in Hong Kong, on January 22, 2019. Photo: Bloomberg

CK Hutchison and CK Asset post upbeat profit results during Victor Li’s debut year as chairman

  • The listed flagship companies of tycoon Li Ka-shing reported improving profit for the period ending December 31
  • CK Hutchison’s posted net profit of HK$39 billion (US$4.97 billion), a rise of 11 per cent on year, and exceeding the average forecast of analysts polled by Bloomberg
  • CK Asset Holdings reported net profit of HK$24.13 billion, up 18.8 per cent from 2017
Topic |   Victor Li

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Signage for Hong Kong International Terminal (HIT), a unit of CK Hutchison, is displayed on gantry cranes at Container Terminal 9 at Kwai Tsing Container Terminal in Hong Kong, on January 22, 2019. Photo: Bloomberg
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Victor Li is the chairman of CK Hutchison Holdings and CK Asset, the two flagship companies of the business empire his father, Li Ka-shing, built. CKI is 75.7 per cent owned by CK Hutchison Holdings. Its net profit for 2018 amounts to HK$10.44 billion. Photo: Edmond So

Victor Li reports weaker than expected profit in first annual result since taking over CKI from Li Ka-shing

  • Net profit for last year increased by 1.8 per cent over 2017, but is 7 per cent less than analysts’ forecast
  • Higher net profit from continental Europe and Canada offset by lower profit from stake in Power Assets
Topic |   Victor Li

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Victor Li is the chairman of CK Hutchison Holdings and CK Asset, the two flagship companies of the business empire his father, Li Ka-shing, built. CKI is 75.7 per cent owned by CK Hutchison Holdings. Its net profit for 2018 amounts to HK$10.44 billion. Photo: Edmond So
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