Hutchison Port Holdings Trust :
HPH Trust, a container port trust affiliated with Hutchison Ports, saw its second-quarter performance affected by ongoing challenges in the global trade environment. The trust reported a 1.4 per cent dip in its revenue and other income to HK$2.7 billion for the three months ended June 30, from HK$2.8 billion the year before.. Earnings per unit attributable to unitholders was 1.57 HK cents, down from 1.95 HK cents in the year-ago period.
, unchanged from the year-ago period, the real estate investment trust’s manager said on Thursday morning. Net property income grew 18.1 per cent to S$22.9 million, from S$19.4 million in Q1 2019. The higher NPI was mainly due to higher gross revenue, and lower property operating expenses arising from the adoption of Financial Reporting Standard 116 . As a result, NPI margin increased to 75 per cent in Q1 2020, compared to 67.2 per cent in Q1 2019. Gross revenue rose 5.8 per cent to S$30.
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