Westports posts higher revenue for FY23

Westports registered record container volume of 10.88 million TEUs in its fourth quarter.

PETALING JAYA: Westports Holdings Bhd is cautiously forecasting a low single-digit growth rate in container volume for this year, barring escalation of conflict beyond the Middle East and a sharp slowdown of economic growth in major developed economies.

In addition, the port operator said the likelihood of stable or lower interest rates in 2024 could act as a buffer to consumer consumption.