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Business : Wesports Share Rises On Positive Q1 Result

KUALA LUMPUR, May 5 (Bernama) — Westports Holdings Bhd’s share price on Bursa Malaysia was higher in the morning session Monday after the company announced a positive first quarter result.

As at 10.45 am, the counter rose 2.0 sen to RM2.56 after opening flat at RM2.54, with 1.67 million shares changing hands.

AmResearch Sdn Bhd views the company’s core net profit of RM109 million announced last Friday as “within expectations”, accounting for 23 per cent of its and consensus forecast.

“Robust growth was seen in the quarter under review for all trade lanes, especially Asia-Australia and Asia-Africa, while intra-Asia, which a…
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