Hong Kong companies report varied first-half earnings growth

Major Hong Kong-based companies reported significant financial results for the first half of 2026.

CK Hutchison Holdings reported a massive surge in profit attributable to shareholders, reaching HK$26.8 billion, compared to HK$852 million in the previous year. This increase was largely driven by HK$14.2 billion in one-time items, including gains from the disposal of interests in UK Rails and UK Power Networks. Excluding these one-off items, the underlying profit rose by 7 per cent to HK$12.58 billion. Chairman Victor Li Tzar-kuoi noted the global environment remained “turbulent and uncertain” during this period.

Hysan Development, a major commercial landlord in Causeway Bay, saw its underlying profit rise 7.4 per cent to HK$1.11 billion. The growth was attributed to realized gains from the sale of residential units at the Bamboo Grove project. While retail and office revenues saw slight increases, residential sales declined by 15.3 per cent due to fewer units available following recent disposals. Chairwoman Irene Lee Yun-lien stated that the group’s rejuvenation strategy for the Lee Gardens precinct is entering a “large-scale harvest phase.”