Westports Holdings Berhad operates a port in Port Klang, Malaysia. It offers services, such as container operations; conventional terminal operations for break bulk, dry bulk, and liquid bulk; marine facilities with terminal operations, infrastructure developments, and ship calls; and handling steel, timber, agriculture, and mineral cargoes. The company also provides value added services, bulk storage, on-dock depot, port police, refrigerated container or reefer, bunkering, storage services, warehousing, facilitates consolidation and deconsolidation, one-stop business centre, and container freight station. Westports Holdings Berhad was incorporated in 1993 and is headquartered in Port Klang,...
PO Box 266
Port Klang, 42009
Founded in 1993
Westports Holdings Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Earnings Guidance for the Fourth Quarter of 2013
Nov 11 13
Westports Holdings Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported revenue of MYR 459,901,000 against MYR 385,253,000 a year ago. Results from operating activities were MYR 145,672,000 against MYR 126,688,000 a year ago. Profit before tax was MYR 133,566,000 against MYR 113,474,000 a year ago. Profit was MYR 105,733,000 or 3.36 sen per basic share against MYR 88,974,000 or 2.97 sen per basic share a year ago.
For the nine months, the company reported revenue of MYR 1,209,986,000 against MYR 1,015,027,000 a year ago. Results from operating activities were MYR 421,083,000 against MYR 364,901,000 a year ago. Profit before tax was MYR 385,511,000 against MYR 326,772,000 a year ago. Profit was MYR 304,130,000 or 9.97 sen per basic share against MYR 250,884,000 or 8.36 sen per basic share a year ago. Net cash generated from operating activities was MYR 462,852,000 against MYR 484,355,000 a year ago. Payment for dredging expenditure was MYR 4,977,000. Purchase of assets was MYR 341,681,000 against MYR 230,074,000 a year ago.
The growth in revenue and profit before tax for the nine months period ended September 30, 2013 was primarily driven by higher container throughput. Barring any unforeseen circumstances, the company anticipates container throughput to remain strong in the fourth quarter of 2013.
Westport Presents at High Horsepower Summit 2013, Sep-17-2013
Sep 17 13
Westport Presents at High Horsepower Summit 2013, Sep-17-2013. Venue: McCormick Place Lakeside Center, Chicago, Illinois, United States. Presentation Date & Speakers: Sep-17-2013, Bruce Hodgins, Vice President, Partner Relationships, David Mumford, Senior Director, Off Road, Nicholas Sonntag, Executive Vice President. Sep-18-2013, Brian Dracup, Senior Director, LNG Rail and Tender Program Development. Sep-19-2013, Paul Blomerus, Senior Director, High Horsepower.