Westports posts lower profit, revenue on accounting changes


In an announcement yesterday, Westports said it received an unfavourable decision from the Royal Malaysian Customs and Finance Ministry on a tax matter that dates back to 2008.

PETALING JAYA: Westports Holdings Bhd reported lower profit and revenue for its first quarter ended March 2018 due to accounting changes from the adoption of new accounting rules.

The port operator reported a net profit of RM123.8mil for its first quarter, a 12% drop from RM140.9mil posted in the same quarter last year.

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