CK Hutchison Holdings and CK Asset Holdings, the listed flagships of tycoon Li Ka-shing, reported sharp declines in their first-half results on Thursday as slower demand due to the coronavirus pandemic weighed heavily on the companies’ energy, ports, retail and property operations.CK Hutchison, the conglomerate with businesses spanning from container ports, retailers to telecommunications and power plants, said net profit fell 29 per cent to HK$13 billion (US$1.7 billion) for the first six…
Source : South China Morning Post
Read more…Li Ka-shing’s CK Hutchison, CK Asset first-half profits hit as coronavirus pandemic weighs on businesses
