HPH sees yearly revenues rise 12 percent






Hutchison's European ports and facilities, including Felixstowe (pictured), handled 25.5 million TEU during 2011. Image: Port of Felixstowe
Revenues climb to HK$32.5 million
Volumes increase by 5 % to 75.1 million TEU
Hutchison Port Holdings (HPH), the port operating arm of Hutchison Whampoa, reported an increase in volumes and revenues following the opening of additional facilities in Barcelona, Huizhou, Brisbane and Klang during the 2011 calendar year.
The global port operator’s total revenues achieved year-on-year growth of 12 percent rising to HK$32.518 million, while EBITDA increased 14 percent to $11.745 million.
Hong-Kong based Hutchison’s saw its total container throughput rise 5 percent to 75.1 million TEU, with the largest share being handled by Hutchison’s European operations.
Hutchison’s European facilities handled 25.5 million TEU during the twelve-month period, representing 34 percent of its total volumes.
According to Hutchison Whampoa’s end of year financial report, the port company will open six additional deepwater berths in 2012 for the movement of containers.
Hutchison’s network of port operations comprises of 315 berths in 52 ports, spanning 26 countries throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia.

Comments

  1. and they moan . Think about felixstowes workforce who got offered 3.1 % say offer . That wouldnt pay my extra costs that i have incurred due to high fuel prices . Thats without the government taking there extra little bit aswell . I am glad that the group is doing well and i am proud to work at felixstowe docks but we work hard and get little reward while the shareholders take in the profits .

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