Hutchison Port Holdings Trust (HPH Trust) has posted earnings of HK$580.3 million ($93.8 million) for the 2Q ended June 30 (2QFY2012), 0.4% above the same quarter a year ago (2QFY2011).
Revenue and other income for the quarter was HK$3,113.2 million, representing HK$178.0 million or 6.1% above last year for the same quarter.
It has declared an interim Distribution Per Unit (DPU) of HK24.05 cents for the 2QFY2012. This is in alignment with the projection in its IPO prospectus.
The ports of HPH Trust saw a throughput rise 5% from last year despite the challenging business environment.
The container throughput of HIT (Terminals 4,6,7 and berths in Terminal 9, located in Kwai Tsing, Hong Kong, increased by 8.3% compared to the same quarter in 2011.
The container throughput of Yantian International Container Terminals increased by 4% compared to the same quarter in 2011.
YICT’s higher throughput compared to last year was primarily due to the growth in transshipment and non-US/Europe trade cargoes. The average revenue per TEU for Hong Kong was lower than last year due to a higher proportion of transshipment throughput handled, whereas that for China was higher due to less concessions granted to some shipping lines.
Costs of services rendered was HK$1,053.5 million, representing HK$76.3 million or 7.8% above last year for the same quarter. The increase was mainly due to higher container throughput, appreciation of the RMB and inflationary pressures.
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