CHINA MER PORT (00144) saw its stock price plummet by 5.03% during intraday trading on Tuesday, as investors reacted negatively to the company's latest financial results.
The port operator reported a significant decline in profitability for the year ended December 31, 2025. While revenue increased by 12.8% to HKD 13.354 billion, profit attributable to equity holders fell by 18.5% to HKD 6.457 billion. Basic earnings per share also dropped by 18.5% to HKD 1.538.
The profit decrease was attributed to several factors including a HKD 1.445 billion reduction in profits from jointly controlled entities, a net decrease of HKD 531 million in fair value changes of financial assets, and a HKD 605 million increase in expected credit loss provisions. Despite the company's revenue beating estimates and announcing a final dividend of HKD 0.489 per share, the substantial profit decline appears to have driven the negative market reaction.
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