Media365
The company, which operates businesses in ports, retail, telecommunications and energy, recorded a net profit of HK$852 million (US$109 million) in the six months ended June 30, compared with HK$10.2 billion a year earlier. Earnings per share fell 92 per cent to 22 HK cents from HK$2.66 a year earlier.
The profit drop was mainly due to a one-time non-cash loss of HK$10.47 billion from the completion of the UK merger of Three UK with Vodafone, the filing said.
Underlying net profit excluding one-off items rose 11 per cent from a year earlier to HK$11.36 billion on growth in the company’s ports and global retail businesses.
Total revenue also improved by 3 per cent to HK$240.66 billion in the first half.
“Economic conditions in the first half of 2025 were challenging as geopolitical and trade tensions continued to escalate,” said Victor Li Tzar-kuoi, chairman of CK Hutchison, in the results statement. “These had mixed impacts on the group, with currency volatility generally favourable and commodity price volatility generally unfavourable to our results.”
