Hutchison Port Holdings Trust Sees Q4 Red

Maritime Activity Reports, Inc.

February 6, 2015

Hutchison Port Holdings Trust said on Friday it swung into loss in the last quarter of 2014 due to a HK$19 billion ($2.45 billion) impairment of goodwill, the first quarterly loss the trust has suffered since listing in 2011.

The trust booked a net loss of HK$18,610.0 million for the quarter, and a full-year loss of HK$17,192 million, a statement said.

The trust said an uncertain global economy, tough trading environment faced by its Hong Kong operation and labour cost pressures led to the impairment loss.

Hutchison Port owns interests in container port assets in Hong Kong and Shenzhen and is backed by Hong Kong billionaire Li Ka-shing's Cheung Kong (Holdings) Ltd.

Reporting by Rujun Shen

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News