, Singapore

HPHT revenues dip 1.5% to $507.6m

Ports' low ASP outweighed the increase in production rate.

Hutchison Port Holdings Trust's (HPHT) revenues dipped by 1.5% to $507.6m in the second quarter.

The company's unitholders net profit after tax (NPAT) also crashed by 21.5% to $47.2m, whilst the distribution per unit (DPU) dropped by 32.1% to 1.7 S-cents.

Whilst HPHT Hong Kong ports enjoyed a 4% production rate increase from stronger transshipment cargoes, the average selling price (ASP) dropped by 7% due to alliance negotiations and awarded concessions.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!