Victor Li Delivers Higher Profits in Debut as CK Group Head
- CK Hutchison’s net income rises 13% during first half of year
- CK Asset’s underlying profit climbs 20% from year ago
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Hong Kong tycoon Victor Li’s two main companies posted higher earnings in the first half, giving the head of the CK group of companies a positive start to his tenure after taking over from his famed father.
Net income at flagship CK Hutchison Holdings Ltd. rose 13 percent to HK$18 billion ($2.3 billion) in the six months ended June, while CK Asset Holdings Ltd.’s underlying profit increased 20 percent to HK$12.1 billion, according to the companies on Thursday. Li, whose father is Hong Kong’s richest man, became chairman of both firms in May.