KUALA LUMPUR (May 11): Operator in Malaysia’s biggest port? Check. The largest operator by capacity in that port? Check. For Westports Holdings Bhd, the next logical step is to expand its footprint into Southeast Asia and one way to do that is through acquisitions. The stock gained…
PETALING JAYA: Port operator Westports Holdings Bhd is allocating over RM800mil for its port expansion, including the construction of its Container Terminal 8 (CT8) Phase 2 wharf and container yard, this year, said its chief executive officer, Ruben Emir Gnanalingam. “All these additional facilities are expected to be completed…
KUALA LUMPUR: Westports Holdings Bhd expects a marginal volume growth this year due to the recalibration of the number of containers going through the Straits of Malacca as a result of new shipping alliances, says chief executive officer Ruben Emir Gnanalingam. “The container shipping industry is going through unparalleled…
PETALING JAYA: Despite intense competition among transhipment ports, analysts are still bullish on Westports Holdings Bhd earnings for this year as they expect the company to register a positive, albeit mild, throughput growth. Maybank IB Research said on Tuesday it expect better year-on-year (y-o-y) core net profit for the…
THE Royal Selangor Yatch Club (RSYC)-Westports Community sailing programme, now in its third year, continues to provide exposure in yacht sailing to students of SK Pulau Indah (SKPI) and SMK Pulau Indah (SMKPI).Since the programme started in 2015, the students have entered various state and national-level competitions,…
Kuala Lumpur, 10 February 2017Westports Holdings Berhad (“Westports” or the “Group”) has announced its financial results for the year of 2016. Operational revenue improved by 14% to RM1.8 billion from the previous year as both the container and conventional operations contributed to the Group’s improved financial performance.…
KUALA LUMPUR: Westports delivered 4Q16 core net profit that was 13% above CIMB Equities Research’s expectations, beating its forecast by 3%, as Q4 container volumes outperformed by 3%. It said on Monday that consequently, Westports delivered its highest-ever quarterly profit, and its strongest full-year result in history,…
KUALA LUMPUR: Westports Holdings Bhd, which saw its net profit rose 16.9% to RM154.99mil in the fourth quarter ended Dec 31, 2016, has declared a 6.70 sen dividend per share. The company’s board of directors has approved a second interim dividend of 6.70 sen per share for the…