HPH Trust posts 12.4% drop in Q2 profit
Port operator declares DPU of 18.7 HK cents for first half of this year
Singapore
DRAGGED by higher operating expenses, Hutchison Port Holdings Trust (HPH Trust) reported a 12.4 per cent drop in net profit to HK$368.4 million (S$58.9 million) in the second quarter ended June 30.
Its revenue and other income for the second quarter inched up by one per cent from a year ago to HK$3.06 billion. This was offset by a 5.1 per cent year-on-year rise in operating expenses to HK$2.19 billion.
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