Subscribe to RSS feedHutchison braced for tough year ahead
by
Obsidian
—
last modified
Apr 02, 2009 12:00 AM
Falling trade volumes at Hong Kong and other Asian ports is set to make 2009 a “more challenging year” for Hutchison Port Holdings, according to parent company chairman Li Ka-shing.
He was commenting after Hutchison Whampoa's port business posted a 4% rise in total revenue to HK$39.6bn (US$5bn), up from HK37.9bn in 2007, after box throughput rose 2% to 67.6m teu.
Earnings before interest and tax edged up 3%...
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