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malaysia westports shipping

Westports Holdings Bhd saw net profit rise 36.1 percent

February 9, 2018 12:05 am Published by

Westports Holdings Bhd saw its net profit rise 36.1 percent, to RM210.98 million, for the fourth quarter ended December 31, 2017. The company's full-year net profit expanded 5.6 percent from RM616.83 million to RM651.51 million, with revenue rising 2.6 percent from RM2.04 billion to RM2.09 billion.

Westports continued to facilitate domestic economic activities as gateway volume increased by 10% during the 12-month period … With the added deep-water wharf, our fleet of new terminal operating equipment and additional staff hired to strengthen our human resources as we operate 24/7 facilities, Westports' total container handling capacity has now increased to 14 million TEUs per annum.- Group Managing Director

Overall container volume rose 9 percent to 9 million TEU. Intra-Asia trade showed favourable momentum with strong growth as throughput expanded 8 percent, thereby increasing its contribution to Westports' overall volume to 57 percent.

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