WASHINGTON: Softer trade within Asia and lower volumes weighed on Hutchison Port Holdings Trust’s (HPHT) second-quarter earnings.
The Hong Kong-based container port business trust yesterday posted a net profit of HK$342.7 million (S$60 million) for the three months to June 30, down 14.3 per cent from HK$399.9 million in the same period a year earlier.
Revenue slipped 6.1 per cent to HK$2.94 billion as container throughput for its assets at Hong Kong International Terminals (HIT) sank 10.4 per cent on the back of “weaker intra-Asia and transshipment cargoes”, said the trust’s manager.
