S&P: net profit reduction will not impact Hutchison Whampoa's grade

S & P announced yesterday the credit rating for Hutchison Whampoa will not be impacted by its net profit reduction.Hutchinson Whampoa 2000 net profit was HK$34.1 bln, 71% lower than 1999.S & P said the net profit reduction of Hutchinson Whampoa was due to the company's selling British Orange PLC for acquiring HK$118 bln earnings, but there isn't such income for the year 2000.The rating institutions said they would keep attention on the operation strategies and financial policies of Hutchinson Whampoa to decide whether or not to change the companyˇ¦s rating.

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