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Li Ka-shing’s Empire Faces Fresh Risks to Nascent Recovery

  • CK Hutchison net income rose 15% on retail, port improvement
  • Global supply chain disruptions will last through first half
Li Ka-shing

Li Ka-shing

Photographer: Justin Chin/Bloomberg
Updated on

CK Hutchison Holdings Ltd. profit rose 15% last year as key retail and port operations bounced back from Covid-induced slowdowns, though uncertainty about global growth points to risks to a continued rebound.

The flagship company of billionaire Li Ka-shing’s CK Group reported net income of HK$33.5 billion ($4.3 billion) last year, according to a statement Thursday. While up from a year earlier, it’s still down 16% from the pre-pandemic levels of 2019. The company also raised its full-year dividend to HK$2.66 a share from HK$2.31 a year earlier.