Westports Q2 profit up on higher container throughput


KUALA LUMPUR: Westports Holdings Bhd’s net profit for the second quarter ended June 30 rose to RM122.5mil from RM119.6mil a year ago buoyed by an increase in container throughput at its terminal located in Pulau Indah, Port Klang.

Year-on-year (y-o-y), the container volume at Westports increased by 14% from 1.83 million to 2.09 million twenty-foot equivalent units (TEUs). The jump in net profit was supported by higher revenue for the quarter under review at RM409mil compared to RM401.2mil in 2013.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Corporate News , Westports , 5246

   

Next In Business News

Oil gains 1% on hopes of firmer demand
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
Muhibbah rides on Cambodian tourism uptick
Feytech gears up for expansion to meet growing demand
Ready to rise up the ranks again
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
MGB ACHIEVES 23% PROFIT SURGE IN 1Q24
GDP up 4.2% in 1Q24
Chinese firms invest in ‘green’ jet fuel

Others Also Read