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.
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March 21, 2024 at 03:50PM
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CK Hutchison Profit Drops on Inflation, Slowing Trade - Bloomberg
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