Hutchison Telecom profit tumbles 97%
05-03-2009
Hutchison Telecommunications International has recorded a 97-percent slump in profit for last year. Earnings dropped to HK$1.8 billion because the firm did not sell any assets last year. The phone carrier, controlled by tycoon Li Ka-shing, booked a gain of HK$69 billion in 2007 from the sale of its Indian unit. The company will not give a final dividend this year.
