CK Hutchison Holdings Ltd. warned of a deteriorating global business environment due to geopolitical and trade tensions, as the Hong Kong conglomerate reported weaker-than-expected profit while a ports sale plan faces uncertainty after infuriating Beijing. Billionaire Li Ka-shing's flagship firm reported a 27% decline in net income to HK$17.1 billion ($2.2 billion) for 2024, missing analyst expectations for HK$22.5 billion, according to a statement Thursday. Revenue came in at HK$476.7 billion, compared with HK$462 billion a year earlier. It announced a full-year dividend of HK$2.2 per share, compared with HK$2.53 per share a year before.