Independent journal on economy and transport policy
10:17 GMT+1
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Containerized traffic handled by HPH Trust's port terminals fell in the last quarter of 2019
The total was 5.86 million teu (-9.3%)
February 11, 2020
In the whole of 2019, the total traffic handled 23.30 million teu, a decrease of -3.0% year, of which 9.99 million teu were moved in the previous year Hong Kong Port (-5.9%) and 13.31 million teu from the other group terminal (-0.8%).
HPH Trust closed the 2019 financial year with revenues of Hong Kong 11.12 billion dollars (1.4 billion U.S. dollars) US), down -3.1% on the previous year. Profit operating was 3.43 billion Hong Kong dollars (-3,4%) and post-tax profit of 1.82 billion compared to a loss of -10.25 billion Hong Kong dollars in the year (in 2018 the group had recorded non-cash costs equal to 12.29 billion as a result of an asset value check).
In the fourth quarter of 2019 alone, revenues amounted to Hong Kong's 2.67 billion dollars, down -11.0% over the same period of 2018, operating profit was 750.7 million (-16.6%) and after-tax profit at 361.0 million compared to a net loss of -11.78 billion Hong Kong dollars Kong in the last quarter of 2018.
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In the whole of 2019, the total traffic handled 23.30 million teu, a decrease of -3.0% year, of which 9.99 million teu were moved in the previous year Hong Kong Port (-5.9%) and 13.31 million teu from the other group terminal (-0.8%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
