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Cheung Kong Infrastructure sees 54% surge in 2011 net profit

Mar. 8, 2012 (China Knowledge) - Cheung Kong Infrastructure Holdings<1038> or CKI, owned by business tycoon Li Ka-shing, announced today that its net profit grew 54% year on year to HK$7.75 billion in 2011, due to higher contributions from its U.K. electricity business.

The utility and infrastructure company proposed a final dividend of HK$1.165, up from HK$1.00 in 2010.

CKI's assets in the U.K., the company's biggest market, generated HK$3.74 billion of net profit or 48% of the firm's total last year, up from HK$1.18 billion in 2010.

Cheung Kong Infrastructure saw its revenue rise 24% year on year to HK$3.49 billion in the year.

Victor Li, chairman of CKI, said that the firm will continue to look for investments overseas to expand its business abroad.

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