HPHT slashes Q4 DPU by 41% to 5 HK cents on underlying profit drop

Singapore

HUTCHISON Port Holdings Trust (HPHT) had its fourth-quarter distribution per unit (DPU) trimmed to five HK cents (0.89 Singapore cent), down 41 per cent from 8.48 HK cents before, amid a drop in underlying earnings for the period.

The DPU for the three months to Dec 31, announced in results on Monday, lowers the full-year payout by 35.3 per cent to 11 HK cents, from 17 HK cents previously.