BRIEF-Cheung Kong Infrastructure posts 14 pct fall in FY net profit

March 21 (Reuters) - Cheung Kong Infrastructure Holdings Ltd

* FY profit attributable to shareholders of HK$9,636 million

* FY turnover hk$27.35 billion versus hk$28.54 billion

* Proposed final dividend of HK$1.63 per share

* Uncertainty and volatility experienced in 2016 is expected

to continue in 2017

* Well-positioned to capture attractive opportunities in

markets and industries currently operate in

* "Will continue to maintain our discipline of not

approaching any new investments with a "must-win" mentality"

* Look forward to providing continuous steady recurring

returns and growth for shareholders

* 14% reduction in FY attributable profit was mainly due to

a smaller UK deferred tax credit in 2016

* Fluctuations in currencies devaluation of GBP arising from

UK referendum vote to leave EU impacted businesses with exposure

in UK and/or GBP

* While not immune from GBP devaluation impact, there is no

material change beyond market expectation

Source text for Eikon:

Further company coverage: