UK utilities power CKI earnings to HK$9.4b
(03-07 12:33)
Cheung Kong Infrastructure Holdings (1038) said today profit grew 22 percent to HK$9.42 billion for the year ended December 2012. The company said it was a record since listing in 1996.
UK Power Networks and Northumbrian Water, acquired in 2010 and 2011 respectively, helped drive income, chairman Victor Li Tzar-kuoi said. UK Power Networks, CKI’s biggest offshore investment, contributed income of HK$3.53 billion, up 24 per cent over last year. Northumbrian Water contributed income of HK$1.15 billion.
Profit contribution from CKI’s 38.87 percent stake in the listed Power Assets was HK$3.75 billion, up 7 percent over 2011’s HK$3.50 billion.
CKI recommended a final dividend of HK$1.26 per share. Together with the interim dividend of 40 HK cents per share, this will bring the total dividend for the year to HK$1.66 per share.
UK businesses contributed HK$5.48 billion to overall profit. Hong Kong operations contributed HK$4.62 billion, up a 2 percent from last year.
Income from the mainland China portfolio including toll roads, was HK$395 million, a 4 percent increase over last year, CKI said.
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