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CK Infrastructure's First-Half Net Profit Slumped 52%

   By Martin Mou 

CK Infrastructure Holdings Ltd. said Wednesday that its first-half net profit dived 52%, weighed by the remeasurement of deferred tax liabilities of its U.K operations.

Net profit fell to 2.86 billion Hong Kong dollars (US$369.0 million), while turnover rose slightly to HK$18.24 billion from HK$18.07 billion, the Hong Kong-listed company said.

The company said the Covid-19 pandemic hasn't affected its businesses significantly and most of its businesses should recover quickly once the global situation improves.


Write to Martin Mou at


(END) Dow Jones Newswires

August 05, 2020 05:24 ET (09:24 GMT)

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