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HONG KONG -- CK Hutchison Holdings, a sprawling conglomerate founded by Hong Kong tycoon Li Ka-shing, logged a 36% drop in net profit for 2023 as it grappled with inflation as well as rising energy and labor costs.
Net profit fell to 23.5 billion Hong Kong dollars ($3 billion) last year despite a 1% increase in revenue to HK$461.5 billion, annual results announced Thursday show.
