Revenue and other income for the FY2022 fell by 8.1% y-o-y to HK$12.17 billion as combined container throughput of HIT, COSCO-HIT and ACT (collectively known as HPHT Kwai Tsing), fell by 11.4% y-o-y mainly due to lower local and transshipment cargoes. HIT refers to Terminals 4, 6, 7 and the two berths in Terminal 9 at Kwai Tsing, Hong Kong. COSCO-HIT refers to Terminal 8 East, also at Kwai Tsing. ACT refers to Terminal 8 West at Kwai Tsing.
Hutchison Port Holdings Trust (HPHT) has just released its FY2022 ended December 2022 results, which saw distribution per unit (DPU) unchanged from the previous year at 14.5 cents.
Earnings however was down by 37.1% y-o-y at HK$1.10 billion ($185.7 million), causing earnings per unit to decline by 37.1% to 12.62 HK cents.
