Hutchison Whampoa, tycoon Li Ka Shing's ports-to-telecoms flagship, posted a 40% surge in 2006 net profit on Thursday, largely in line with forecasts, on narrowing losses at its third-generation mobile telecoms business and exceptional gains.
Shareholders of Hutchison Telecommunications International have approved the $11.1 billion sale of a controlling stake in India's No. 4 cellular operator to Britain's Vodafone Group.
Cathay Pacific Airways, Asia's third-largest carrier, posted a 24% rise in net profit on Wednesday as earnings were buoyed after it bought rival Dragonair. But volatile fuel pricescurbed the increase.
Business activity in Hong Kong expanded at its sharpest pace since April 2000 in December, propped up by a surge in new orders driven by strong demand from mainland China.