AdvertisementHong Kong propertyBusinessChina Business

CK Hutchison Holdings reports 31-fold surge in first-half profit

3-MIN READ3-MIN Listen

Cheryl ArcibalPublished: 5:59pm, 13 Aug 2026Updated: 8:14pm, 13 Aug 2026CK Hutchison Holdings, one of the flagship companies owned by Hong Kong billionaire Li Ka-shing’s family, reported a 3,046 per cent increase in its first-half profit amid a period the firm’s chairman called “turbulent and uncertain”.Meanwhile, CK Asset Holdings, the group’s other flagship company that focuses on residential and commercial property, registered a 37.8 per cent jump in net profit during the same period.

CK Hutchison, the port-to-telecoms conglomerate, said on Thursday that its profit attributable to shareholders for the six months ended June was HK$26.8 billion (US$3.4 billion), dwarfing the HK$852 million reported a year earlier.

The surge was driven primarily by HK$14.2 billion in one-time items. It recognised gains of HK$17.75 billion from the disposal of its interests in UK Rails and UK Power Networks. In addition, it also had a HK$2.2 billion non-cash write-off of the acquisition premium allocated to certain infrastructure assets.

Underlying profit, excluding one-off items and the earnings impact from the disposal of UK telecoms assets, rose 7 per cent to HK$12.58 billion. Revenue was HK$255.4 billion, up from HK$240.7 billion a year ago.

“The global environment in the first half of 2026 was exceptionally turbulent and uncertain,” said chairman Victor Li Tzar-kuoi in the earnings statement.

AdvertisementSelect VoiceSelect Speed00:0000:001.00x