Li Ka-shing’s two flagships defy gloom with interim results that beat forecasts, as Hong Kong’s recovery trickles into earnings

Home » News, Insights & Trends » Business News (China) » Li Ka-shing’s two flagships defy gloom with interim results that beat forecasts, as Hong Kong’s recovery trickles into earnings

CK Hutchison Holdings and CK Asset Holdings, the two flagship companies of Hong Kong’s richest family, defied naysayers with interim results that beat expectations, as the city’s tentative recovery from its worst recession on record translated to increased spending on everything from groceries to real estate.Hutchison, the conglomerate with businesses ranging from the world’s ninth-largest container port to the A/S Watsons pharmacy chain, reported a 41 per cent jump in first-half net profit to…

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