Westports records stronger 3Q results as container throughput improves


Westports group managing director Datuk Ruben Emir Gnanalingam said Westports container volume declined by 4% in January-September despite a pandemic affected year because the rebound in the 3Q.

KUALA LUMPUR: Westports Holdings Bhd’s third quarter net profit rose by 28% to RM203.85mil from a year ago as container throughput improved following a resumption in global economic activities.

It announced on Thursday the earnings rebounded from RM159.23mil a year ago as throughout rose by 6% to 2.93 million twenty-foot-equivalent units (TEUs) as global economic activities resumed after the earlier lockdowns. Both local and transhipment containers saw volume increases.

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