Company briefs: Hutchinson Port Holdings Trust

Hutchinson Port Holdings Trust

Hutchinson Port Holdings Trust (HPH Trust) has reported a 7.2 per cent increase in third-quarter earnings.

Net profit for the three months ended Sept 30 came to HK$525.9 million (S$94.6 million), while revenue and other income rose 2.3 per cent to HK$3.5 billion compared with the same period a year earlier.

Earnings per unit for the quarter came in at 6.04 Hong Kong cents, up from 5.63 Hong Kong cents a year earlier.

Net asset value per unit stood at HK$4.84 as at Sept 30, lower than the HK$5.09 posted as at Dec 31 last year.

Ezra Holdings

Offshore services group Ezra Holdings posted a net loss of US$7.8 million (S$10.8 million) for the three months ended Aug 31, compared with a restated net profit of US$11 million a year earlier.

The company recorded a US$16.7 million loss from discontinued operations for its fourth quarter, compared with a restated profit of US$18.2 million a year earlier.

Revenue from continuing operations for the three months ended Aug 31 rose 22 per cent to US$147.4 million.

Net profit for the full year ended Aug 31 came in at US$43.7 million, down 3 per cent from a year earlier.

Full-year earnings per share stood at 2.29 US cents, down from 2.7 US cents a year earlier.

Net asset value per share was 46.46 US cents as at Aug 31, down from a restated US$1.17 a year earlier.

Plastoform Holdings

Audio speakers manufacturer Plastoform Holdings said the Hong Kong Customs and Excise Department visited its Hong Kong office on Tuesday to investigate suspicious unauthorised use of computer software.

Operations have since resumed.

A version of this article appeared in the print edition of The Straits Times on October 24, 2015, with the headline 'Company briefs: Hutchinson Port Holdings Trust'. Subscribe