Operations Review

Each of the Group's five core businesses benefited from focused management and increased investment during the year and all of the principal subsidiaries reported profits after tax. Substantial capital commitments have been made in each division, ranging from a replenishment of our land bank, through investments in several major property development sites in Hong Kong, to the acquisition of interests in container ports in other countries and the roll-out of our telecommunications networks and retailing outlets. These are part of our overall strategic plans for the further growth and expansion of the Group and its profitability as we move forward.

1. Property
2. Ports
3. Retail
4. Telecom
5. Energy and Infrastructure