HONG KONG -(Dow Jones)- Cheung Kong Infrastructure Holdings Ltd. (1038.HK), a utility and infrastructure company controlled by tycoon Li Ka-shing, said Thursday its first-half net profit fell 48% from a year earlier due to lower contributions from its overseas businesses.
The company's net profit for the six months ended June 30 was HK$2.03 billion (US$260 million), down from HK$3.89 billion a year earlier.
Revenue fell 15% to HK$1.89 billion from HK$2.22 billion.
The company proposed a first-half dividend of HK$0.33, up from HK$0.321 a year earlier.
Cheung Kong Infrastructure has investments in Hong Kong, mainland China, Australia, the U.K., Canada, the Philippines, and New Zealand, with businesses ranging from electricity generation to water and natural gas supply.
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