Hutchison Port Holdings Trust to pay higher final distribution of 7.7 HK cents

Hutchison Port Trust Holdings (HPHT) has reported slightly lower revenue of HK$10.7 billion, down 3.7% for the year ended Dec 2020. However, thanks to lower operating and finance costs, earnings for the same period jumped 57.4% to HK$831.4 million.

HPHT plans to pay a final distribution of 7.7 HK cents per unit, versus 5 HK cents per unit in the year earlier period. With this, HPHT’s total distribution for FY2020 will be 12 HK cents, versus 11 HK cents paid for whole of FY2019. 

HPHT calls 2020 a “challenging year” due to the “interruption to trade” in the earlier part of the year because of the pandemic. Yet, there are signs of “significant upturn” in its business in the later half.

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