Hong Kong-based Hutchison Whampoa Ltd blames a 5% fall in profits before charges for closure of some telecommunications operations on losses at the UK telecommunications subsidiary, Reuter reports, but the group will still commit another UKP200m to the UK unit this year, group chairman Li Ka-Shing said: I’m not happy with the results, but we’ll still continue our commitment to the UK operation and pump more money into it, he said – I’m not sure the worst is over yet in the UK, which ate up all our Hong Kong profits this year; he said Hutchison will have invested over UKP500m in the loss-making UK unit, including the UKP200m that is earmarked for this year, but he refused to say at what point he will say enough is enough – It’s too early to say; you can never tell when business will pick up.
