Westports registers slower growth in Q2


Volume size: The largest cargo ship in the world, MV CMA CGM Marco Polo, at Westports. The port handled a container throughput of 4.80 million TEUs during the first half.

PETALING JAYA: Westports Holdings Bhd has posted a net profit of RM134.34mil in the second quarter ended June 30, down 19.2% from RM166.31mil a year ago, as its revenue was impacted by the Covid-19 pandemic curbs.

In a filing with the stock exchange yesterday, the company said its revenue had fallen 5% to RM431.60mil from RM454.45mil a year ago due to the reduction in container and conventional throughput due to Covid-19.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Eupe fourth-quarter profit rises 29%
Meta projects higher spending, weaker revenue
Buyout proposal for Anglo American could reshape copper market
US solar makers seek additional tariffs on panel imports from Asia
A test bed for airline subscription model
Pantech seeks to list steel pipe units
AI memory boom propels SK Hynix’s numbers
Battery stocks’ rally in India likely to extend
Congo accuses Apple of using ‘blood minerals’ from war-torn east
Higher earnings for Pavilion-REIT

Others Also Read