Westports posts jump in first quarter net profit

Higher earnings: Westports recorded a jump in net profit by 9.22% year-on-year from RM139.9mil to RM152.81mil for the first quarter

PETALING JAYA: A decline in container throughput for Westports Holdings Bhd is expected this year but there is less visibility on the severity, as it hinges on how protracted the economic fallout from the coronavirus (Covid-19) pandemic will be.

While the port operator reported positive results for the first quarter ended March 31, it expects a major impact from the pandemic in April and throughout the second quarter.