CITIC Pacific says H1 net profit down 12 pct

Newswire

HONG KONG, Aug 28 (Reuters) - Steel-to-property conglomerate CITIC Pacific said on Thursday its first-half net profit fell 12 percent due to a lack of gains from disposals, but strong growth in special steel and infrastructure businesses helped partly offset the high comparison effect. Beijing-backed CITIC Pacific, which has shifted its investment focus to mainland China and diversified into retail and power, posted a net profit of HK$4.38 billion ($561 million) in the first six months of ...

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