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HomeMaritime NewsRegionsAsiaWestports H1 profit up 17% on higher volumes

Westports H1 profit up 17% on higher volumes

Westports H1 profit up 17% on higher volumes
Port Klang's main terminal operator Westports Holdings saw almost flat second quarter net profit growth of MYR122.5m ($38.7m) from MYR119.6m in the previous corresponding period. Revenue rose 2% to MYR409.0m from MYR401.23m previously.

For the first half however, Westports showed a significant rise in profits to MYR231.5m from with MYR198.4m previously, while revenue rose slightly to MYR772.2m from MYR750.1m as the robust growth in the container segment fed into the results.

Westports ceo Ruben Emir Gnanalingam said in a press release that total container throughput registered exceptionally strong growth in the first half, rising to 4.02m teu, led by transshipment, which rose 14% year-on-year. Gateway business was also decent, rising by 10.5% year-on-year.During the period Westports has recorded two record-high monthly volumes in March, and yet another record-high of 718,000 teu in May.

TAGS: Containers Ports Malaysia Westports
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