Pacific Century's FY18 net profit slides 42.7%

Singapore

PACIFIC Century Regional Developments, owned by Hong Kong magnate Li Ka-shing's son Richard Li, saw its full-year net profit in 2018 fall as the share of profit from associated companies diminished.

Its net profit for the full year ended Dec 31 was S$49.96 million, down 42.7 per cent from a year ago. The group attributed it largely to a lower share of profit from associated companies; it stood at S$36.5 million, down 55.7 per cent.