HPH Trust's Q2 earnings down 21.5%

PORT operator Hutchison Port Holdings Trust's (HPH Trust) net profit for the second quarter fell 21.5 per cent to HK$269.1 million (S$47.1 million) year on year due mainly to share of profits less losses after tax of associated companies.

Revenue for the three months ended June 30, 2017, fell 1.5 per cent to HK$2.89 billion from the previous year.

Earnings per unit fell from 3.93 HK cents to 3.09 HK cents, while distribution per unit fell from 14 HK cents to 9.50 HK cents.