HONG KONG, March 22 CK Hutchison Holdings Ltd
, the ports-to-telecoms arm of billionaire businessman
Li Ka-shing, said on Wednesday net profit rose 6 percent in
2016, helped by stable earnings from its infrastructure,
telecommunications and retail units.
January-December profit reached HK$33.01 billion ($4.25
billion), slightly higher than the HK$32 billion average of 11
estimates from analysts polled by Reuters. It posted a profit of
HK$31.17 billion in 2015.
Total revenue fell 6 percent to HK$372.69 billion from
HK$396.09 billion a year ago.
CK Hutchison has significant investments in Britain and the
European Union (EU). In February, it had agreed to buy PCCW
Ltd's British broadband internet business for 300
($1 = 7.7668 Hong Kong dollars)
(Reporting by Donny Kwok; Editing by Muralikumar Anantharaman)