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02 April 2020 The on-line newspaper devoted to the world of transports 17:24 GMT+2

February 11, 2020

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Original news
Containerized traffic moved by terminals is falling HPH Trust ports in the last quarter of 2019

The total was 5.86 million teu (-9.3%)

In the last quarter of 2019, container traffic in Hutchison Port Holdings Trust (HPH) Port Holdings Group (HPH Trust) fell by -9.3% to 5.86 compared to 6.47 million teu in the period October-December of the previous year. The only traffic moved Yantian International Container Terminals (YICT) branch in Yantian port and Huizhou International Container branch Terminal (HICT) in The Port of Huizhou was 3.34 million teu (-9.4%), while traffic handled by terminals HPH Trust in Hong Kong Port operated by subsidiaries Hongkong International Terminals (HIT), Asia Container Terminals (ACT) and COSCO-HIT Terminals amounted to 2.52 million (-9.3%).

In the whole of 2019, the total traffic handled 23.30 million teu, a decrease of -3.0% year, of which 9.99 million teu were moved in the previous year Hong Kong Port (-5.9%) and 13.31 million teu from the other group terminal (-0.8%).

HPH Trust closed the 2019 financial year with revenues of Hong Kong 11.12 billion dollars (1.4 billion U.S. dollars) US), down -3.1% on the previous year. Profit operating was 3.43 billion Hong Kong dollars (-3,4%) and post-tax profit of 1.82 billion compared to a loss of -10.25 billion Hong Kong dollars in the year (in 2018 the group had recorded non-cash costs equal to 12.29 billion as a result of an asset value check).

In the fourth quarter of 2019 alone, revenues amounted to Hong Kong's 2.67 billion dollars, down -11.0% over the same period of 2018, operating profit was 750.7 million (-16.6%) and after-tax profit at 361.0 million compared to a net loss of -11.78 billion Hong Kong dollars Kong in the last quarter of 2018.

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