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Hutchison Whampoa said it’s UMTS operations lost HK$9.67B on HK$2B in revenue during 2003. The company said it has sold some of its shares in other companies and pulled money from a 2002 set-aside to offset the losses. The company overall had 2003 revenue of HK$145.6B and posted a profit of HK$14.4B.
Hutchison said it now [...]