July 22, 2014 7:37 PM ET

Transportation Infrastructure

Company Overview of Westports Holdings Berhad

Company Overview

Westports Holdings Berhad, an investment holding company, 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, such as bulk storage, on-dock depot, port police, refrigerated container or reefer, bunkering, storage, warehousing, consolidation and deconsolidation of cargoes, one-stop business centre, and container freight station. Westports Holdings Berhad was incorporated in 1993 and i...

Pulau Indah

PO Box 266

Port Klang,  42009

Malaysia

Founded in 1993

Phone:

60 3 3169 4000

Fax:

60 3 3169 4119

Key Executives for Westports Holdings Berhad

Westports Holdings Berhad does not have any Key Executives recorded.

Westports Holdings Berhad Key Developments

Westports Holdings Berhad Appointments Lim Beng Keem as Head of Finance and Acting Chief Financial Officer, Effective from June 6, 2014

Westports Holdings Berhad announced the appointment of Mr. Lim Beng Keem as Head of Finance and Acting Chief Financial Officer with effect from June 6, 2014. Prior to assuming his current role, he was with Hutchison Ports Holdings Limited in Tanzania, Africa as Chief Financial Officer before returning to Malaysia.

Westports Holdings Berhad Announces Resignation of Ganesh A/L Gunaratnam as Chief Financial Officer

Westports Holdings Berhad announced that the resignation of Ganesh A/L Gunaratnam as Chief Financial Officer, to pursue other personal goals and career opportunities, effective from May 16, 2014.

Westports Holdings Berhad Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Westports Holdings Berhad announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of MYR 363,158,000 against MYR 348,845,000 a year ago. Results from operating activities were MYR 145,530,000 against MYR 116,972,000 a year ago. Profit before tax was MYR 131,635,000 against MYR 105,085,000 a year ago. Profit for the period attributable to owners of the company was MYR 109,036,000 against MYR 78,814,000 a year ago. Basic earnings per ordinary share were 3.20 sen against 2.63 sen a year ago. Net cash generated from operating activities was MYR 32,069,000 against MYR 85,584,000 a year ago. Purchase of property, plant and equipment was MYR 64,063,000 against MYR 20,002,000 a year ago. Additions to concession assets was MYR 18,466,000 against MYR 44,339,000 a year ago. Operational revenue represents an increase of 11% contributed mainly by increase in container throughput. Profit before tax represents an increase of 25%, which is due to increase in container throughput and savings of the management fee arising from termination of MSA.

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