Cheung Kong Infrastructure 2011 Net Profit Up 54% At HK$7.75 Bln

Cheung Kong Infrastructure Holdings Ltd. said Thursday its 2011 net profit rose 54%, boosted by higher contribution from its U.K. electricity business.

The company, which is controlled by tycoon Li Ka-shing, said its net profit for the 12 months ended Dec. 31 rose to HK$7.75 billion from HK$5.03 billion in the previous year.

The result was in line with the average HK$7.73 billion forecast of eleven analysts polled earlier by Thomson Reuters.

Revenue gained 24% to HK$3.49 billion from HK$2.81 billion.

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