Govt refund for HK terminal props up HPH Trust's Q1 earnings
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
RAISING port tariffs does not seem to have helped Hutchison Port Holdings Trust (HPHT) lift revenue as much as it might have planned. Weaker intra-Asia and transshipment cargoes put a dent in the trust's topline for its first quarter and its net profit was propped up by a sizeable government refund, its results released on Monday show.
Net profit for the three months ended March 31 jumped 94.2 per cent from the previous year to HK$554.9 million (S$97 million), the trust said in a Singapore Exchange filing after the market closed.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
