HPH Trust posts full year profit of $366 million, 12 per cent below projection

Hutchison Port Holdings Trust has posted a 5.8 per cent rise in net profit to HK$643.6 million (S$103 million) in the fourth quarter.

Revenue for the three months to Dec 31 was up a marginal 1.9 per cent at HK$3.15 billion.

This lifted the business trust's full year net profit by 16.1 per cent to HK$2.29 billion (S$366.1 million) on the back of a 27.6 per cent rise in revenue to HK$12.43 billion.

The full year net profit was 11.6 per cent or HK$300.9 million below initial projection.