HPH Trust's Q2 profit down 21.5% to HK$269m

Singapore

NET profit of Hutchison Port Holdings Trust (HPH Trust) 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.

The share of profits less losses after tax of associated companies was a loss of HK$24.9 million for the quarter ended June 30, down from a profit of HK$5.2 million a year ago. The decline was mostly because of the share of the result of Huizhou International Container Terminals following the acquisition of HPH Trust at the end of 2016.