Westports quarterly earnings grow on transhipment business


Westports expects intra-Asia trade will remain as the group's main container volume contributor for the remainder of the year.

PETALING JAYA: Westports Holdings Bhd is expecting to post a low-single digit growth in financial year 2024 and its expects the intra-Asia trade will remain as the group's main container volume contributor for the remainder of the year.

In a filing with Bursa Malaysia, the port operator announced a 20% year-on-year jump in net profit to RM233.07mil or earnings per share (EPS) of 6.83 sen from its third quarter ended Sept 30, 2024 while revenue grew 6% on-year to RM572.57mil due to the increase in container revenue.

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