Hutchison Whampoa Income Beats Estimates on Mobiles Unit
This article is for subscribers only.
Hutchison Whampoa Ltd., billionaire Li Ka-shing’s biggest company, posted full-year profit that beat analyst estimates on improved earnings from retail, telecom and utilities businesses from China to the U.K.
Net income was HK$26.1 billion ($3.4 billion) in 2012, the Hong Kong-based company said yesterday. That compares with the HK$24 billion average of eight analyst estimates compiled by Bloomberg. Recurring earnings, which excludes asset sales and property revaluations, jumped 19 percent to HK$26.8 billion.