Thursday, October 8, 2015   

Hutchison, Cheung Kong profits soar
(07-31 16:59)

Cheung Kong Holdings (0001) saw its net profit soared 59 percent in the first six months of the year to HK$21.35 billion from a year ago, beating market's expectation.
The flagship of local tycoon Li Ka-shing is giving an interim dividend and a special one totaling HK$7.638. Li said local property sales improved but businesses in the mainland contributed less than expected. Meanwhile, Hutchison Whampoa (0013) recorded a 130-percent surge in net profit to HK$28.44 billion over the same period. The group declared an interim and special dividend with a total of HK$7.66.   
Other Business breaking news:
Seed giant Monsanto reports US$495 million loss, cuts 2,600 jobs (10-07 22:17)
Volkswagen stops Polo sales in India (10-07 22:12)
US stocks higher, China fears hit Yum Brand shares (10-07 22:07)
Oil climbs to US$52.82 (10-07 21:47)
Rage erupts in Brussels over big business (10-07 21:03)
Norway dips into wealth fund to plug budget hole (10-07 19:07)
Sun Hung Kai CFO Partick Chan resigns (10-07 18:34)
Hang Seng bounces by 3pc, energy stocks rally (10-07 16:50)
Nikkei closes higher (10-07 14:47)
(Tech) Microsoft Surface Book: power to the creative people (10-07 14:36)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.