Hutchison Port Holdings Trust (HPH) has achieved a significant increase of 75% in its profits during 2021, reaching US$458 million.
Additionally, the global port and terminal operator has recorded a revenue increase of 24% year-on-year, totalling almost US$1.7 billion in 2021, while during the same period, HPH’s total operating expenses rose by 9% to more than US$1 billion.
Meanwhile, the operator, which controls Yantian International Container Terminal (YICT) and Hongkong International Terminals (HIT) among other important container hubs worldwide, has reported a total 2021 full year throughput of 24.51 million TEU, which translates to a 4% growth compared to the last year’s box volumes.
“2021 has been a challenging but rewarding year for HPH Trust, with significant improvements in financial results arising from increased volume and effective cost control,” said the company in its report.
