Capacity cuts made by container lines during the height of the coronavirus pandemic in Asia pulled down profit at Hutchison Port Holdings Trust (HPH Trust) during the first half of the year.
Profit after tax for the first six months of 2020 was HKD 679m ($87.6m) — down by 17% compared to the same time last year.
The Singapore-listed affiliate of Hong Kong's Hutchison Ports saw first-half revenue fall by 12% to HKD 4.8bn.
