The import, export and wholesale distribution activities of
the John D. Hutchison group have recorded favourable
increases in profits which were further enhanced by the
profit generated from the recently acquired Gaastra Sails
group.
All divisions of the Hutchison-Boag Engineering group were
profitable and ahead of budget with the exception of the
manufacturing division. The operations of Weatherite
Industries, the recently acquired manufacturer of air-
conditioners and fans, are still in the process of being
re-organized.
Both Hutchison China Trade and Davenham Investments are
making steady progress and the Group's coal trading joint
venture continues to make a satisfactory contribution to
Group profits.
The Sheraton-Hong Kong Hotel and Towers and the Hongkong
Hilton Hotel (owned through Cavendish International
Holdings) have had a successful first half with increased
profits over the same period last year. Occupancy and room
rates for both hotels continue to be maintained at very
satisfactory levels.
(Page 4 of 9)