HPH Trust

HUTCHISON Port Holdings Trust reported a 37.1 per cent drop in net profit to HK$270.4 million (S$47.3 million) for the three months to September from HK$430 million a year ago. Share of profits less losses after tax of associated companies was a loss of HK$24.3 million from a profit of HK$5.4 million a year ago, mainly reflecting the share of Huizhou International Container Terminals result following the completion of the acquisition by HPH Trust at the end of 2016. Revenue for the third quarter slipped 1.3 per cent to HK$3.2 billion.

Tianjin Zhong Xin