CK Hutchison Holdings reports 31-fold surge in first-half profit

CK Hutchison Holdings, one of the flagship companies owned by Hong Kong billionaire Li Ka-shing’s family, reported a 3,046 per cent increase in its first-half profit amid a period the firm’s chairman called “turbulent and uncertain”. Meanwhile, profit at CK Asset Holdings, the group’s other flagship company that focuses on residential and commercial property, registered a 37.8 per cent jump in net profit during the same period. CK Hutchison, the port-to-telecoms conglomerate, said on Thursday...