HONG KONG, March 26 Hutchison Whampoa Ltd
, Hong Kong tycoon Li Ka-shing's ports-to-telecoms
conglomerate, reported a 53 percent fall in 2012 net profit on
Tuesday, but the result still beat market expectations.
Hutchison's full-year net profit totalled HK$26.1 billion,
down from HK$56.02 billion a year earlier when it had booked a
hefty one-off gain after spinning off its port assets, it said
in a filing to the Hong Kong stock exchange.
The company, whose businesses span from commercial
properties in Hong Kong and China to telecommunications in
Britain and energy in Canada, was forecast to report a net
profit of HK$23.4 billion for 2012, according to Thomson Reuters
The company recorded a profit of HK$15.9 billion for
July-December period, up from HK$9.72 billion a year ago and
compared to market expectations of HK$13.39 billion.
(Reporting by Donny Kwok; Editing by Jeremy Laurence)