CTF Services profit rises 15pc to $1.1b

CTF Services (0659) reported a 15 percent year-on-year increase in net profit to HK$1.16 billion for the six months ended December and maintained an interim dividend of HK$0.30 per share.

The increase was driven by the growth of the insurance segment, a reduction in the operating loss of Gleneagles Hospital Hong Kong, and increased contributions from the logistics segment.

Interim revenue fell 13 percent to HK$12.11 billion, but the operating profit rose 4 percent to HK$2.23 billion.

The board has also declared a special dividend of HK$0.30 per share.

Executive director Brian Cheng Chi-ming said the company is looking at developing data centers in the mainland, Southeast Asia or Japan.

Staff reporter