Saturday, March 28, 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:
US growth at unrevised 2.2pc in last quarter (03-27 20:42)
Nikkei gains erased at close (03-27 14:23)
Oil prices fall in Asia trade (03-27 13:23)
Yen weakens (03-27 12:34)
Hang Seng flat at mid-day (03-27 12:29)
China industries still in the red (03-27 12:07)
Yahoo okays additional US$2 billion share buybacks (03-27 11:17)
Nikkei gains by break (03-27 10:51)
Japan inflation stalls, household spending tumbles (03-27 10:25)
Hang Seng, Shanghai positive (03-27 10:19)

More breaking news >>

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