Westports year-end volume growth likely at 5% to 6%

MIDF Research said Westports container volumes show a year-on-year increase despite a high base.

PETALING JAYA: Westports Holdings Bhd’s year-end container volume growth is expected to fall within the range of 5% to 6%, should the repositioning of empty containers to China normalise in the second half of financial year 2023 (FY23).

MIDF Research said the repositioning has driven container volumes to grow by 7.2% year-on-year in the nine months of FY23, surpassing the initially guided low single-digit growth.