Hutchison Whampoa says H1 profit rises 12% to 6.45 bln HKD

21:58, August 05, 2010      

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HONG KONG, Aug. 5 (Xinhua) -- Hutchison Whampoa, a ports-to- telecom conglomerate controlled by Hong Kong's billionaire Li Ka- shing, said Thursday its net profit in the first half this year rose 12 percent from a year earlier to 6.45 billion HK dollars ( 831 million U.S. dollars).

In a statement filed with the Hong Kong stock exchange, Hutchison said its total revenue in the first half of the year gained 8 percent year on year to 152.9 billion HK dollars, and its pre-tax earning jumped 34 percent to 16.99 billion HK dollars.

Hutchison is an international corporation with a diverse array of holdings which includes the world's biggest port and telecom operations in 14 countries and regions and run under the 3 brand. Its business also includes retail, property development and infrastructure.

The company currently operates in 54 countries and employs around 230,000 staff worldwide. It is 49.9 percent owned by the Cheung Kong Group, whose Chairman is Li Ka-shing.

Hutchison's market value stood at 226.2 billion HK dollars with its shares closing at 53.05 HK dollars on Thursday at the Hong Kong market.

Li said in the statement that major global economies and industries had each, to varying degrees, continued to recover modestly from the financial crisis which had severely affected global economic activities throughout 2009.

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