HPHT revenues dip 1.5% to $507.6m
Ports' low ASP outweighed the increase in production rate.
Hutchison Port Holdings Trust's (HPHT) revenues dipped by 1.5% to $507.6m in the second quarter.
The company's unitholders net profit after tax (NPAT) also crashed by 21.5% to $47.2m, whilst the distribution per unit (DPU) dropped by 32.1% to 1.7 S-cents.
Whilst HPHT Hong Kong ports enjoyed a 4% production rate increase from stronger transshipment cargoes, the average selling price (ASP) dropped by 7% due to alliance negotiations and awarded concessions.