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Better year seen for Hutchison Port trust

Key factors are settlement of labour problem; higher US, Europe cargo volumes

THIS year could turn out to be a better one for Hutchison Port Holdings (HPH) Trust as it puts behind last year's labour problems and as cargo volumes to the US and Europe go up.

The Hong Kong-based trust released its first-quarter results on Monday, unveiling a 47 per cent increase in net income. Excluding one-off gains though, its first-quarter underlying profitability was flat, compared to the previous year.

But analysts still found this result positive.

Jon Windham from Barclays Research said...

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