CKI nets $8.1b, heralds 28th year of dividend growth

CK Infrastructure (1038) reported a 1 percent growth in net profit last year to HK$8.1 billion and declared a final dividend of HK$1.86, bringing its full-year payout up by 0.8 percent to HK$2.58.

This marked its 28th consecutive year of dividend growth since listing in 1996.

Profit contributions from operating businesses showed a 10 percent year-on-year growth last year but higher interest costs and lower exchange gains resulted in a smaller increase in net profit, the company said in a filing on Wednesday.

Power Assets (0006) continued to generate substantial contributions to CKI with a 2 percent growth in net income to HK$2.2 billion last year.

The associate's international infrastructure portfolio reported satisfactory operational growth, supported by sound underlying energy and utility-related businesses, while HK Electric recorded a slight decrease in profit contribution as there was a high deferred tax credit in 2023, CKI said.

STAFF REPORTER