HPH Trust posts lower profit, leading to 22% drop in distribution per unit
Hutchison Port Holdings Trust (HPH Trust) has posted a 25.9 per cent drop in net profit to HK$420.5 million (S$68.8 million) for the second quarter.
Revenue for the three months to June 30 slipped by 2.6 per cent to HK$3.03 billion.
On a half year basis, net profit dropped by 21.3 per cent to HK$800.8 million on the back of a 0.9 per cent decrease in revenue to HK$5.9 billion.
Distribution per unit for the half year fell to 18.7 HK cents from 24.05 HK cents previously.