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

Global environment in the first half of 2026 was ‘exceptionally turbulent and uncertain’, says chairman Victor Li Tzar-kuoi 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.

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