Hutchison Whampoa profit falls 42%
26-03-2009
Hutchison Whampoa says its net profit in 2008 fell 42 percent, after one-off disposal gains strongly boosted its earnings the previous year. The figure of HK$17.66- billion was down from HK$30.6 billion in 2007. Total revenue rose 13 percent to HK$348.3 billion. The company's 2007 profit was boosted by a net gain of HK$35.8 billion from the sale of its 67 percent stake in Indian phone network Hutchison Essar to Britain's Vodafone.
