OREANDA-NEWS. April 08, 2011. Total revenue grew 8% to HKD325,922 million.

Profit attributable to shareholders, before non-cash property revaluation and profits on disposal of investments, grew 323%, reported the press-centre of Hutchison Whampoa.

Profit attributable to shareholders and earnings per share increased 47% to HKD 20,038 million and HKD 4.70 respectively.

3G customer base currently totals over 29.6 million worldwide.

Group reported its first positive EBIT of HKD 2,931 million, a 133% turnaround from the comparable LBIT last year.

Full year dividend amounts to HKD 1.92 per share, an 11% increase.

CHAIRMAN’S STATEMENT
The Group’s global operations continued to perform well despite the continuing economic challenges as the world’s major economies recover from the severe financial crisis in 2008. The Group’s total revenue was HKD 325,922 million, 8% higher than last year.

The Group’s total earnings before interest expense and other finance costs, taxation and non-controlling interests (“EBIT”), before property revaluation and profits on disposal of investments, increased 50% to HKD 42,140 million, reflecting a milestone EBIT positive contribution from 3 Group, increased contributions from the property and hotels, retail, Cheung Kong Infrastructure (“CKI”), ports and related services divisions as well as Hutchison Telecommunications Hong Kong Holdings (“HTHKH”).

These increases were partially offset by the loss of contribution from the Israel  telecommunications operation which was disposed in October 2009 and decreased contributions from the finance and investment division as well as Husky Energy Inc. (“Husky Energy”).

Subsequent to the year end, the Group completed an Initial Public Offer (“IPO”) of units in Hutchison Port Holdings Trust (“HPH Trust”) which was listed on the Main Board of the Singapore Stock Exchange on 18 March 2011. HPH Trust holds and operates the Group’s interests in deep water container port businesses in the Pearl River Delta in Guangdong Province, including Hong Kong and Yantian ports. The Group currently retains a 27.6% interest in HPH Trust. The market capitalisation of HPH Trust at listing was approximately USD8,800 million (approximately HKD 68,500 million) and the Group will report a gain on disposal of approximately USD5,650 million (approximately HKD 44,000 million) in its 2011 results.

Full report see here:
http://www.hutchison-whampoa.com/upload_docs/2011/03/Corporate/2296/2296_eng.pdf