Rejang Port Authority back in the black with RM1.3mil profit


  • Business
  • Tuesday, 19 Nov 2019

SIBU: Rejang Port Authority (RPA) has achieved a profit of RM1.3mil as at October compared with a loss of RM2.5mil in the same period last year despite the unfavourable economic conditions.

General manager Datin Helen Lim said that since the beginning of this year, RPA has been able to record about 5% growth in its core business – container handling.

This is despite the fact that the port had experienced a drop in its throughput and container handling, she said at the port operator’s annual dinner.

Lim said running the port was challenging, given an environment that is constantly subjected to economic turbulence, both domestically and internationally.

It has also been synonymous with catalysts of trade, enablers of growth and facilitators of economic activities. “We are all of these but most of all, are here to serve and are honoured to serve.

“During the last couple of years, RPA had registered some decrease in our throughput and in our containers handled due to the transitional shift in the transportation of cargo and against a backdrop of uncertain world economy.

“I am proud to announce that since the beginning of this year, RPA has been able to record 5% growth in its core business,” she said.

With the port managing to register a profit of RM1.3mil as at October, she said it was not going to stop there but would continue to achieve further growth.

Infrastructure and Port Development Minister Tan Sri James Masing noted that RPA, which is turning 50 next year, is a profitable and self-sustaining agency with zero borrowing, having good reserves and a great amount of cash.

He expects RPA, which is the only riverine port in the state, would continue to grow and serve the business community in the region.

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