Hutchison Port Holdings Trust’s net profit plunged 48.9% to $49m
Due to the absence of a one-off gain.
Hutchison Port Holdings Trust reported that its net profit plunged 48.9% to $41.8m (HKD 285.8m) in the first quarter, due mostly to the absence of a one-time $41.8m (HKD 243.8m) gain recognized in the same quarter last year.
In terms of the topline, HPHT’s Q1 revenues were mostly flat at $505m (HK$2948.5m), a marginal increase of 0.1% compared to the same period last year.