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Business : Westports Posts Higher Pre-tax Profit In First Six Months

KUALA LUMPUR, July 23 (Bernama) — Westports Holdings Bhd posted a higher pre-tax profit of RM280.34 million for its first six months ended June 30, 2014, from RM251.95 million recorded in the same period last year.

Revenue rose to RM772.18 million versus RM750.08 million a year ago while its basic earnings per share increased to 6.79 sen from 6.61 sen previously.

In a statement today, the company said that the stellar financial performance was achieved due to the robust growth in the container segment.

“Total container throughput registered exceptionally strong growth in the first half of this year to 4.02 million twenty-foot equivalent units, led by transshipment which rose 13.9 per cent year-on-year and gateway which expanded by 10.5 per cent year-on-year,” it said.

For the second quarter ended June 30, 2014, Westports Holdings’s pre-tax profit rose to RM148.70 million from RM146.86 million in the same period last year while revenue increased to RM409.03 million versus RM401.24 million a year ago.

— BERNAMA

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