Hutchison Whampoa, billionaire Li Ka-shing’s biggest company, says annual profit has risen 12 per cent as gains from asset sales and narrower mobile- phone losses outweighed falls in ports and energy.

Net income increased to 14.2 billion Hong Kong dollars (€1.4 billion) from a restated HK$12.7 billion dollars, Hutchison Whampoa told the Hong Kong stock exchange yesterday. – (Bloomberg)