Li Ka-shing

Richest man in Hong Kong Li Ka-shing's Cheung Kong Property H1 profit jumps 22 per cent to HK$6.89 billion

PUBLISHED : Tuesday, 25 August, 2015, 4:43pm
UPDATED : Wednesday, 26 August, 2015, 1:03pm

Cheung Kong Property Holdings, the newly formed company of billionaire tycoon Li Ka-shing, reported on Tuesday that net profit jumped 22 per cent to HK$6.89 billion in the first half of this year.

It is the first result after it was listed on the Hong Kong stock exchange main board on June 3.

Excluding the HK$1.35 billion revaluation gain on investment properties, its underlying profit increased 9 per cent to HK$5.53 billion from a year ago.

Turnover rose 24 per cent to HK$19 billion. Directors declared an interim dividend of 35 HK cents a share.

CK Property shares rose 2.65 per cent to close Tuesday at HK$52.2.