Westports CEO Ruben Emir Gnanalingam said the container shipping industry has just gone through an unprecedented recalibration and realignment processes which affected almost all major liners.
PETALING JAYA: Malaysia’s largest port operator, Westports Holdings Bhd
, saw its earnings trimmed by 18.15% year-on-year (y-o-y) to RM121.81mil in the second quarter ended June 30.
In a filing with Bursa Malaysia, the company attributed its lower bottom line in the quarter to higher depreciation and finance costs, apart from the lower income tax rate enjoyed by the company in the previous corresponding quarter due to a claim on the investment tax allowance (ITA).
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