Business : Westports’ Pre-Tax Profit Up 25 Per Cent In Q1 To RM131.6 Million
KUALA LUMPUR, May 2 (Bernama) — Westports Holdings Bhd recorded a profit before tax of RM131.6 million for the first quarter, up 25 per cent year-on-year, thanks to an increase in container throughput and savings of the management fee from its termination of management services agreement.
Its operational revenue jumped 11.4 per cent year-on-year to RM348.3 million, underpinned by a strong growth in container throughput, the port operator said in a filing to Bursa Malaysia Friday.
Total container throughput rose 11.7 per cent year-on-year to 1.93 million twenty-foot equivalent units (TEUs), Westports said.
Going forward, We…
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