Hutchison Port Holdings posts huge loss for 2018

Hutchison Port Holdings Trust (HPH) has reported its biggest quarterly loss in four years and has fallen into the red for the full year 2018.

The Singapore-listed port operator posted a net loss of HKD 12.1bn ($1.5bn) for the fourth quarter 2018, compared to profit of HKD 237.8m during the same period in 2017.

This loss was due to a non-cash impairment of HKD 12.3bn