Hutchison results hit by US and European economic struggles

Hutchison Port Holdings Trust (HPH Trust) reported a tough start to the year in its interim figures, as a weak market outlook limited container volume growth at its terminals to 2%.

The terminal operator said that Europe’s woes were “more severe than originally anticipated”, depressing outbound cargoes from its Asian facilities.

During the first half of 2015, pre-tax profits fell by 5.9% to HK$1.59bn (US$204.7m) compared to the equivalent period last year although revenue was up by 1.1% to HK$6.1bn (US$783.9m).