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Cheung Kong Holdings' net profit up 169%

Cheung Kong Holdings' net profit up 169%

Write: Adiran [2011-08-05]

Cheung Kong Holdings, the real estate company controlled by Hong Kong billionaire Li Ka-shing, said on Thursday its net profit in the first half of 2011 jumped 169 percent from a year ago to 33.259 billion HK dollars ( about 4.264 billion U.S. dollars).

In the filing to the Hong Kong stock exchange, Chairman Li said for the six months ended June 30, the group's profit before share of results of the Hutchison Whampoa Group was 10.129 billion HK dollars, a rise of 10 percent over the same period last year.

Earnings per share were 14.36 HK dollars.

Cheung Kong Holdings closed down 0.08 percent at 119.6 HK dollars per share on Thursday. (1 U.S. dollar equals 7.8 HK dollars)