CK Asset Holdings Ltd.s profit attributable to shareholders for full-year 2017 came to HK$30.13 billion, an increase of 55% from HK$19.42 billion in the year-ago period.
EPS totaled HK$8.07 per share, an increase of 59.8% from HK$5.05 per share in 2016. EPS before investment property valuation was HK$5.44 per share, up 16% year over year from HK$4.69 per share.
CK Asset's board proposed a final dividend for 2017 of HK$1.28 per share, up 11% from the year-ago final dividend of HK$1.15 per share. The full-year dividend comes to HK$1.70 per share, up 11% from the 2016 full-year dividend of HK$1.53.
For CK Hutchison Holdings Ltd., profit attributable to ordinary shareholders came in at HK$35.1 billion, up 6% from roughly HK$33.01 billion in 2016. EPS also rose 6% to HK$9.10 from HK$8.55. CK Hutchinson proposed a final 2017 dividend of HK$2.070 per share, taking the full-year dividend to HK$2.850 per share. The previous full-year dividend was HK$2.680 per share.
Li Ka-shing, Hong Kong's richest man and the chairman of both CK Asset and CK Hutchison, officially announced his retirement from his positions. He will be succeeded by his elder son, Li Tzar Kuoi, Victor.
Li, who turns 90 in July, has led the CK Group for the past 46 years and will step down at the conclusion of CK Hutchison's annual general meeting May 10.
