Property News · May 14, 2020

Li Ka-shing’s CK Asset issues first profit warning as Hong Kong and UK businesses suffer, CK Hutchison says retail earnings might be halved this year


Hong Kong-based conglomerate CK Asset Holdings issued a profit warning on Thursday, its first since it was listed in 2015 as part of a restructure of Hong Kong tycoon Li Ka-shing’s Cheung Kong Holdings.The company said lower property sales and negative contribution from its hotels division, as well as the temporary closure of its pubs in the United Kingdom in the first quarter, could “result in a material reduction to the group’s profit attributable to shareholders” for the six months ending…

Source : South China Morning Post
Read more…Li Ka-shing’s CK Asset issues first profit warning as Hong Kong and UK businesses suffer, CK Hutchison says retail earnings might be halved this year

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