CK Hutchison Holdings Ltd.’s profit fell 92% in the first half of the year, due to a one-time and non-cash loss on account of the merger of its telecommunications arm with Vodafone Group Plc.
Billionaire Li Ka-shing’s flagship firm reported HK$852 million ($109 million) in net income for the six months ended June. Revenue came in at HK$240.7 billion, compared with HK$232.6 billion a year earlier. It announced an interim dividend of HK$0.710 per share, compared with HK$0.688 per share a year before.
The profit drop is the biggest since a group-wide restructuring in 2015 for CK ...
