HPH Trust's Q2 profit down 36.8%

Singapore

HUTCHISON Port Holdings Trust (HPH Trust) net profit dropped 36.8 per cent in the second quarter on lower container throughput at its Hong Kong and Shenzhen ports.

Profit attributable to HPH Trust's unitholders in Q2 came in at HK$170 million (S$29.49 million) from HK$269.1 million in the corresponding year-ago period, while it clocked a 3.6 per cent decline in revenue to HK$2.79 billion.

Combined container throughput at its Kwai Tsing terminals in Hong Kong fell by 7.2 …