HONG KONG Feb 28 Hutchison Whampoa Ltd
, Hong Kong tycoon Li Ka-shing's ports-to-telecoms
conglomerate, reported a 20 percent increase in 2013 net profit,
lifted by its Austria telecoms unit and strong growth in its
Hutchison's full-year net profit totaled HK$31.11 billion
($4.01 billion), up from a revised HK$25.9 billion a year
earlier, the company said in a filing to the Hong Kong stock
exchange on Friday.
The company, with businesses spanning commercial properties
in Hong Kong and China to telecommunications in Europe and
energy in Canada, was forecast to report a net profit of
HK$29.92 billion for 2013, according to Thomson Reuters I/B/E/S.
The group is continuing to assess its strategic options to
maximize the value and growth potential of its retail division,
Hutchison said in the statement.
Hutchison said last year it was conducting a strategic
review of A.S. Watson Co Ltd, a retail division that could drive
the expansion of a health and beauty business in China. That
review may include an initial public offering of all or parts of
the business, the company said.
For earnings statement, please click here
($1 = 7.7601 Hong Kong dollars)
(Reporting By Alice Woodhouse; Editing by Matt Driskill)