Westports Holdings Berhad, an investment holding company, engages in the port development and management of port operations. The 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; and marine facilities with terminal operations, infrastructure developments, and ship calls. The company also provides value added services, such as bulk storage, on-dock depot, port police, refrigerated container or reefer, bunkering, one-stop business center, and container freight station, as well as storage, warehousing, and consolidation and deconsolidation of cargoes. Westports Holdings B...
No. 1, Jalan Dutamas 1
Kuala Lumpur, 50480
Founded in 1993
Westports Holdings Berhad Appoints Ruth Sin Ling Tsim as Non Independent and Non Executive Director
Nov 16 15
Westports Holdings Berhad announced the appointment of Miss Ruth Sin Ling Tsim as Non Independent and Non Executive Director of the company from Nov. 16, 2015. Ms. Ruth Sin Ling Tsim has been with both public accounting firm and several different industries in the commercial sector with roles in financial controllership. She joined the Hutchison Port Holdings Limited ("HPH") Group in 2001 and has extensive background in internal auditing and controls, financial analysis and reporting. She is currently the Group Chief Financial Officer of HPH.
Westports Holdings Berhad Appoints Raymond Pak Ying Law as Non Independent and Non Executive Director
Nov 16 15
Westports Holdings Berhad announced the appointment of Mr. Raymond Pak Ying Law as Non Independent and Non Executive Director of the company from Nov. 16, 2015. Mr. Raymond Pak Ying Law appointed as the Alternate Director to Mr. Sing Chi Ip and Ms. Ruth Sin Ling Tsim, the Non-Independent Non-Executive Directors of Westports Holdings Berhad. Prior to joining the HPH group, Mr. Law worked for KPMG in Hong Kong and New York and held directorships in a number of international companies (publicly-listed and private).
Westports Holdings Berhad Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Nov 13 15
Westports Holdings Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue of MYR 400,775,000 against MYR 405,408,000 a year ago. Results from operating activities were MYR 178,605,000 against MYR 173,157,000 a year ago. Profit before tax was MYR 162,332,000 against MYR 156,275,000 a year ago. The improvement in profitability was mainly attributed to reduction of fuel cost. Profit for the period attributable to owners of the company was MYR 138,504,000 or 3.81 sen per basic share against MYR 140,875,000 or 4.13 sen per basic share a year ago.
For the nine months, the company reported revenue of MYR 1,204,777,000 against MYR 1,177,592,000 a year ago. Results from operating activities were MYR 531,798,000 against MYR 483,801,000 a year ago. Profit before tax was MYR 483,979,000 against MYR 436,613,000 a year ago. Profit for the period attributable to owners of the company was MYR 387,583,000 or 10.92 sen per basic share against MYR 372,404,000 or 10.92 sen per basic share a year ago. Net cash generated from operating activities was MYR 644,140,000 against MYR 396,185,000 a year ago. Purchase of property, plant and equipment was MYR 131,249,000 against MYR 211,051,000 a year ago. Additions to concession assets were MYR 49,491,000 against MYR 49,885,000 a year ago.