Westports FY18 profit declines 18%

Westports CEO Ruben Emir Gnanalingam said the group achieved another strong set of results. Container throughput continued to show resilient growth.

PETALING JAYA: Westports Holdings Bhd has posted an 18% dip in net profit to RM533.47mil for the financial year ended Dec 31, 2018 (FY18).

This was mainly due to a higher tax provision, depreciation charges and higher finance costs arising from the completed container terminal expansion, and also higher manpower expenses for the increased number of employees at Westports.