CK Hutchison Holdings Limited ( (CKHUY) ) has released its Q4 earnings. Here is a breakdown of the information CK Hutchison Holdings Limited presented to its investors.
CK Hutchison Holdings Limited is a multinational conglomerate headquartered in Hong Kong, operating in sectors such as ports, retail, infrastructure, and telecommunications. The company is known for its diverse portfolio and global reach.
In its latest earnings report for the year ended December 31, 2024, CK Hutchison Holdings Limited reported a total revenue increase of 3% to HK$476,682 million. However, the company faced challenges with a decrease in reported earnings by 27% to HK$17,088 million, primarily due to a one-time non-cash impairment in its Vietnam telecommunications business.
Key financial metrics showed mixed results, with total EBITDA slightly declining by 2% to HK$125,108 million, while total EBIT decreased by 6% to HK$58,758 million. The Ports division saw significant growth with an 11% increase in revenue, while the Retail division experienced a modest 4% revenue increase. The company’s telecommunications arm, CK Hutchison Group Telecom, reported a 2% revenue growth, driven by improvements in the European operations.
Despite the challenges, CK Hutchison Holdings Limited remains optimistic about the future, focusing on strategic partnerships and expansion in Asia and the Middle East. The company plans to continue leveraging its strong financial position to explore investment opportunities and enhance productivity across its divisions.