CK Hutchison’s Profit Falls Amidst Market Challenges

CK Hutchison Holdings (HK:0001) has released an update.

CK Hutchison Holdings reports a decrease in profit attributable to shareholders by 9% to HK$10,205 million for the first half of 2024 compared to the same period last year, with earnings per share dropping to HK$2.66. Despite economic stabilization, the company faced challenges from geopolitical issues, market volatility, and escalated costs, but maintained a strong financial profile and increased EBITDA and EBIT by 5%. The interim dividend per share also saw a decline to HK$0.688.

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