Hutchison Whampoa Ltd Presents Results for 1H
OREANDA-NEWS. August 12, 2011. The Group’s operations performed well during the first half of 2011. In addition, the Group substantially strengthened its balance sheet and liquidity through a number of successful equity capital markets transactions, reported the press-centre of Hutchison Whampoa.
The Group’s total revenue1 was HKD 187,359 million, 26% higher than same period last year. The Group’s EBIT2, before property revaluation, increased 55% to HKD 23,522 million, reflecting increased contributions from the property and hotels division, the retail division, Cheung Kong Infrastructure (“CKI”), Husky Energy Inc (“Husky Energy”), Hutchison Telecommunications Hong Kong Holdings (“HTHKH”) and the 3 Group.
These increases were partially offset by the decreased EBIT contributions from the ports and related services division due to the division’s reduced effective interest in deep-water container ports on the Pearl River Delta, including Hong Kong and Yantian ports, as a result of the Initial Public Offer (“IPO”) of units in Hutchison Port Holdings Trust (“HPH Trust”), from Hutchison Asia Telecommunications (“HAT”) and from finance and investments operations.
Full reports see here: http://www.hutchison-whampoa.com/upload_docs/2011/08/Corporate/2320/2320_eng.pdf
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