HKEX | 001,1113
CK Asset net profit drops nearly 40% and CKH earn 2% more on 1H of this year
CK Asset (1113) announced its interim results as of the end of June. During the period, revenue recorded a year-on-year growth of 41% to HKD 34.208 billion. Net profit fell by 39% year-on-year to HKD 15.128 billion. Earnings per share were HKD4.1, excluding revaluation and sales of investment profit increased by 16% to HKD 14.45 billion, with an interim dividend of HKD 0.52.
During the period, it has been confirmed that the property sales revenue increased more than doubled to HKD 19.232 billion, which comprises mainly the sale of The Zumurud, Ocean Pride, Ocean Supreme, and My Central; property rental income fell by 3.2% year-on-year to HKD 3.756 billion; aircraft leasing income increased by 12.3% year-on-year to HKD 1.556 billion.
Victor Li, Chairman of CK Asset, said that different property projects are being planned and carried out, which will contribute to revenue. In the future, the company will deploy different investment strategies to strengthen its property portfolio. The Group is cautiously optimistic about future prospects.
CKH also announced its interim results as of the end of June; the company recorded a total revenue of 3% to HKD 217.062 billion; EBITDA rose by 19% to HKD 65.789 billion; net profit rose by 2% year-on-year to HKD 18.324 billion. The earnings per share was HKD 4.75, and the interim dividend was HKD 0.87.
During the period, port and related services business revenue was recorded as HKD 17.55 billion; EBITDA rose by 4% to HKD 6.45 billion; retail revenue fell by 1% to HKD 83.161 billion, EBITDA rose by 9% to HKD8.182 billion; Husky energy recorded a net profit of CAD 698 million, aproximate to that of last year; Europe 3 Group's revenue was HKD 43.464 billion, up 20% year-on-year; EBOTDA rose by 20% to HKD 16.297 billion.