HPH Trust posts Q4 net loss of HK$12.11b on huge impairment losses

Singapore

IMPAIRMENT losses amounting to a staggering HK$12.29 billion (S$2.12 billion) wreaked damage to the results for Hutchison Port Holdings Trust (HPH Trust) for the fourth quarter.

HPH Trust fell into the red, recording a net loss of HK$12.11 billion for the three months ended Dec 31, 2018, reversing from a profit of HK$237.8 million in the same period in 2017.