HPH Trust's Q2 performance hit by global trade tensions

Singapore

HUTCHISON Port Holdings Trust (HPH Trust), a container port trust affiliated with Hutchison Ports, on Wednesday reported a weaker showing for its fiscal second quarter, no thanks to the ongoing challenges in the global trade environment.

HPH Trust reported a 1.4 per cent drop in its revenue and other income for the three months ended June 30 to HK$2.7 billion (S$471 million) from HK$2.8 billion the year before.