Pursuits
Billionaire Li Ka-shing's CK Hutchison Tops Profit Estimates
- Full-year dividend of HK$2.55 a share was below estimates
- Profit helped by earnings from Europe telecom operations
Billionaire Li Ka-shing.
Photographer: Billy H.C. Kwok/BloombergThis article is for subscribers only.
Billionaire Li Ka-shing’s flagship CK Hutchison Holdings Ltd. delivered profits that edged above analysts’ estimates amid higher-than-expected earnings from the European telecommunications business.
Adjusted net income, estimated by management to facilitate comparisons, slipped to HK$31.2 billion ($4 billion) last year, CK Hutchison said in a statement on Thursday. That compares with the HK$30.9 billion average analyst estimate compiled by Bloomberg. The company also announced a full-year dividend of HK$2.55 a share, while analysts estimated HK$2.71.