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CK Infrastructure reports higher half-year profit YOY

Hong Kong-based CK Infrastructure Holdings Ltd. reported higher profits in the first half of 2018 as results improved in most of the company's businesses.

CK Infrastructure reported profit attributable to shareholders of HK$5.94 billion, or HK$2.36 per share, for the first half of 2018, up from HK$5.66 billion, or HK$2.25 per share, in same period a year prior.

Profit contribution from the company's U.K. portfolio increased 0.3% year over year to HK$2.93 billion, and contribution from the Australia portfolio was up 37% to HK$1.15 billion.

Power assets contributed HK$1.57 billion for the period, similar to that of the year-ago period. Contribution from the company's Continental Europe portfolio, North American portfolio, mainland China portfolio and New Zealand portfolio also increased.

Turnover increased to HK$19.45 billion from HK$13.98 billion in the prior-year period, with sales and interest income from infrastructure investments rising to HK$3.55 billion from HK$2.78 billion.