Cheung Kong 2011 Net Profit Jumps 72%

Cheung Kong (Holdings) Ltd

reported a 72% surge in its 2011 net profit. Cheung Kong's net profit for the period climbed to HK$46.06 billion versus HK$26.84 billion. Its revenue surged 29% to HK$42.36 billion from HK$32.86 billion. Cheung Kong declared a final dividend of HK$2.63 per share, versus HK$2.45. Cheung Kong shares closed at $13.28 yesterday.