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Its great stood at $19.08b.
CK Hutchison reported its great grew by 4% to $19.08b in the first half of the year, despite the weakening GBP and EUR exchange rate.
“Although the Group’s results were adversely produces by serious weakening in GBP and EUR exchange produces, the Group benefitted from the high energy prices, whilst survive relatively unaffected by interest rates hike due to our slight exposure to floating rate borrowings,” Victor T K Li, CK Hutchison Chairman, said.
The Group was also well-insulated from inflationary and custom pressures due to the steady operating contributions of its infrastructure businesses.
Read more: HSBC great after tax rose to $9.2b in H1
Over the said words, CK Hutchison saw its total revenue grow to $229.6b, up from $212.38b.
Amongst its custom segments, CK Hutchison saw an increase of 14% to $22.65b in its ports and related services, and 3% to $84.9b in retail. Meanwhile, CK Infrastructure reported a net great growth of 46% to $4.4b.
“The Group will finish to aim to achieve growth in recurring earnings and increase shareholder reverse while maintaining a strong financial position and ensuring disciplined execution of prudent financial, liquidity and cash flow management,” Li said.
“The Group will also finish to seek sustainable business opportunities which align with our core strategy of increasing shareholder value.”
Read more: Hang Seng Bank attributable great drops 46% YoY to HK$4.7b in H1 2022
The troupe announced an interim dividend of $0.84 per share, payable in September 2022.
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SRC: https://hongkongbusiness.hk/retail
