HTH Trust posts 15% drop in Q3 earnings

Hutchison Port Holdings (HTH) Trust has posted a 15.1 per cent drop in third quarter net profit to HK$601.7 million,

Revenue and other income for the three months ended Sept 30 was up 2.6 per cent at HK$3.33 billion.

Earnings per unit slipped to 6.91 HK cents from 8.13 HK cents previously while net asset value per unit fell to HK$7.65 compared to HK$7.93 as of Dec 31.

The average revenue per container box for Hong Kong was lower than last year due to a higher proportion of transshipment throughput handled, whereas that for China was about the same as last year.