Hutchison Port Holdings Trust recorded higher earnings for the first quarter despite higher costs in some areas, primarily due to improved revenue and operating profit.
The Singaporean port operator trust posted profit of SGD 421.3m ($321.1m) versus earnings of SGD 375.9m a year ago.
Profit attributable to trust shareholders came in at SGD 145.4m, down from SGD 166.9m, as a result of profit attributable to noncontrolling interests jumping 32% to SGD 275.9m.
