HPH profit dips 35%

News-in-print

Hutchison Port Holdings (HPH) has posted a 35% drop in profit for the first six months of 2009, the biggest decline in at least eight years. The world’s largest container port operator saw pre-tax earnings drop to HK$4.49B (US$575M), while revenues fell 21% to HK$15.6B.

Trade will likely “recover slowly, presenting a continuing challenge to full-year earnings,” Hong Kong-based parent company Hutchison Whampoa said.

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HPH profit dips 35% ‣ WorldCargo News

HPH profit dips 35%

News-in-print

Hutchison Port Holdings (HPH) has posted a 35% drop in profit for the first six months of 2009, the biggest decline in at least eight years. The world’s largest container port operator saw pre-tax earnings drop to HK$4.49B (US$575M), while revenues fell 21% to HK$15.6B.

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