by Amruth Sundarkumar | Sep 20, 2021 | Corporates
Hong Kong’s CK Hutchison Group has entered into a definitive agreement with Qatar’s Ooredoo Group on 16 September 2021 to combine their respective Indonesian telecommunication businesses, H3I (a subsidiary of CK Hutchinson) and Indosat (a subsidiary of...
by Amruth Sundarkumar | Aug 6, 2021 | China, Corporates
CK Hutch and CK Asset reported a rise in profits during the first half of the year. CK Hutch posted a 41% YoY rise in net profits to HK$18bn ($2.3bn) helped by recoveries in ports and retail revenues, up 24% and in energy following its merger with Cenovus Energy. CK...
by bondevalue | Mar 19, 2021 | China
CK Hutchinson announced their 2020 results, reporting a 27% slump in net profits to HKD 29.1bn ($3.8bn) while revenues fell 8% to HKD 403.8bn ($52bn). CK Hutch booked impairment charges of HKD 18.7bn ($2.4bn) and operating losses from minority-owned Husky as overall...
