HPH Trust said earnings for the three months ended Sept fell 8.4% to HK$539.2 million ($86.2 million) from HK$588.9 million from a year ago.
Earnings per share fell to HK 6.19 cents from HK 6.76 cents.
Revenue and other income inched up 1% to HK$3.36 billion from HK$3.33 billion.
The container throughput of Hongkong International Terminals or HIT decreased by 11.6% as compared to the same quarter in 2012, in view of weaker transshipment, intra-Asia and US/EU cargoes.
The container throughput of Yantian International Container Terminals or YICT decreased by 3.5% as compared to the same quarter in 2012, primarily due to the drop in empty volume.
The average revenue per TEU for Hong Kong was higher than last year because of the favorable throughput mix of containers from liners, whereas that for China was higher than last year due to less concessions granted to some liners and a lower empty/laden container ratio.
(Personal Sharing)
I am totally disappointed with HPH trust performance. The share price is on a downtrend now. Target price seems to be at 0.74USD.
No comments:
Post a Comment