CK Hutchison, CK Asset profits rise in H1

HONG KONG: CK Hutchison, the ports-to-telecoms arm of retired billionaire Li Ka-shing, posted a 41% rise in first-half net profit on Thursday, helped by recoveries in ports and retail and in energy following its merger with Cenovus Energy.

Profit rose to HK$18 billion ($2.31 billion) from HK$13 billion a year earlier, after accounting adjustments.

Chairman Victor Li said in a statement he expects the group’s growth trajectory to deliver a solid performance for the full year.