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Hutchison Port Holdings’ Profit Jumps 14 Percent

Hutchison Whampoa’s ports division boosted profits by 14 percent last year despite flat volume growth across its global terminal network.

Total revenue rose 12 percent in 2011 compared to a year earlier to HK$32.5 billion (US$4.2 billion), while earnings before interest, taxes, depreciation and amortization increased 14 percent to $1.5 billion on a like-for-like basis.

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