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HPH Trust's DPU fell marginally despite surge in operating profit

The Edge Singapore
The Edge Singapore  • 2 min read
HPH Trust's DPU fell marginally despite surge in operating profit
HPH Trust's DPU fell marginally despite surge in operating profit / Photo: Bloomberg
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Hutchison Port Holdings Trust (HPH Trust) announced a distribution per unit (DPU) of 12.2 HK cents for FY2024, a tad lower than the DPU of 13.2 HK cents in 2023. Revenue and other income rose by 8.8% y-o-y to $HK$11.57 billion.

FY2024's full-year throughput of HPH Trust was 5% above last year. Combined container throughput HIT, COSCO-HIT and ACT, (collectively HPHT Kwai Tsing) was 6.4% lower than last year, due to lower local and transshipment cargoes.

The container throughput of Yantian International Container Terminals (YICT) increased by 12.4% as compared to 2023, driven by the increase in the laden exports, inbound empty and transshipment cargoes.

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