By Joanne Chiu 
 

CK Hutchison Holdings Ltd. (0001.HK) reported a 3% rise in net profit for the first half, as growth at its telecommunication and infrastructure operations was partly offset by reduced profitability at its energy operations.

The ports-to-telecommunications company, with operations in more than 50 countries, said Thursday its net profit in the six months ended in June was HK$14.92 billion ($1.92 billion), compared with a pro forma net profit of HK$14.46 billion a year earlier, assuming the group's reorganization was effective as of January 2015, it said.

The conglomerate controlled by Hong Kong billionaire Li Ka-shing in 2015 reorganized his two flagship companies, splitting his Hong Kong property assets from his internationally focused ports-to-telecoms conglomerate. The reorganization, which created CK Hutchison and Cheung Kong Property Holdings Ltd. (1113.HK), aimed to eliminate a previous tiered holding structure.

CK Hutchison's revenue in the first half fell 8% to HK$180.51 billion from HK$197.02 billion a year ago. It declared an interim dividend of HK$0.735 per share, slightly higher than the HK$0.70 a share it paid in a year-earlier period.

Write to Joanne Chiu at joanne.chiu@wsj.com

(END) Dow Jones Newswires

August 11, 2016 05:17 ET (09:17 GMT)