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Superdrug pays out £35m to billionaire owner Li Ka-shing


// Superdrug pays £35m to Hong Kong owner Li Ka-shing
// The retailer has been under the ownership of Li’s Chinese conglomerate since 2002

Superdrug has paid £35 million in dividends to its Hong Kong owner and billionaire businessman Li Ka-shing.

The health and beauty retailer has been under the ownership of Ka-shing’s Chinese conglomerate since 2002.

Along with Superdrug, Li also owns pub chain Greene King and the Three mobile phone network.

READ MORE: Superdrug online sales almost 50% ahead of pre-pandemic levels as profits rise

Superdrug halted dividend payments in 2020 after the pandemic struck, but the payments continued in the year to January 1.

The retailer said it paid an appropriate amount of dividends in relation to the revenue and profit delivered within the Superdrug business.

Superdrug recently froze prices on more than 100 essential products for the rest of the year to help cash-strapped customers.

Superdrug chief executive Peter Macnab said 2021 was another year spent tackling the effects of the pandemic and warned that there are further challenges ahead.

““We are working hard to support our customers through these challenging times and doing what we can to minimise the impact of price rises, as we stand firm in our mission to bring the very best of accessible health and beauty to the high street.”

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