August 24, 2016 1:27 AM ET

Transportation Infrastructure

Company Overview of Westports Holdings Berhad

Company Overview

Westports Holdings Berhad, an investment holding company, engages in the development and management of port operations. The company operates a port under the Westports name in Port Klang, Malaysia. It offers container cargo services; conventional services, including break bulk, dry bulk, cement, liquid bulk, and roll-on-roll-off cargo services; and marine services, such as tugboat and pilotage services. The company also provides logistic and rental services comprising leasing of land, storage facilities, warehousing facilities, and office space, as well as internal haulage services; and other ancillary services. Westports Holdings Berhad was incorporated in 1993 and is based in Petaling Jaya...

8, First Avenue

KPMG Tower

Lot 6.05, Level 6

Bandar Utama

Petaling Jaya,  47800

Malaysia

Founded in 1993

4,275 Employees

Phone:

60 3 7720 1188

Fax:

60 3 7720 1111

Key Executives for Westports Holdings Berhad

Westports Holdings Berhad does not have any Key Executives recorded.

Westports Holdings Berhad Key Developments

Westports Holdings Berhad Presents at Macquarie ASEAN Conference 2016, Aug-22-2016

Westports Holdings Berhad Presents at Macquarie ASEAN Conference 2016, Aug-22-2016 . Venue: The Fullerton Hotel, 1 Fullerton Square, Singapore 049178, Singapore.

Westports Holdings Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Westports Holdings Berhad reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenue of MYR 522,627,000 compared to MYR 405,280,000 a year ago. Profit from operating activities was of MYR 207,715,000 compared to MYR 177,628,000 a year ago. Profit before tax was MYR 191,990,000 compared to MYR 162,048,000 a year ago. Profit/total comprehensive income attributable to owners of the company was MYR 159,872,000 or 4.69 sen per basic share compared to MYR 128,894,000 or 3.58 sen per basic share a year ago. The higher growth in PBT was attributable to revision in container tariff and lower fuel cost. For six months, the company reported revenue of MYR 987,341,000 compared to MYR 804,002,000 a year ago. Profit from operating activities was of MYR 434,429,000 compared to MYR 353,193,000 a year ago. Profit before tax was MYR 402,985,000 compared to MYR 321,647,000 a year ago. Profit/total comprehensive income attributable to owners of the company was MYR 310,801,000 or 9.71 sen per basic share compared to MYR 249,079,000 or 7.10 sen per basic share a year ago. Net cash generated from operating activities was MYR 399,305,000 compared to MYR 426,124,000 a year ago. Purchase of property, plant and equipment was MYR 170,336,000 compared to MYR 91,371,000 a year ago. Additions to concession assets were of MYR 90,953,000 compared to MYR 35,894,000 a year ago. Purchase of spares, net was MYR 909,000 compared to MYR 339,000 a year ago. The higher growth in PBT is due to one-off gain on disposal of investment in securities and excluding the one-off gain, the growth is at 19%. The higher growth in PBT was attributable to revision in container tariff and lower fuel cost.

Westports Holdings Berhad Declares First Interim Single Tier Dividend in Respect of the Financial Year Ending December 31, 2016, Payable on August 23, 2016

Westports Holdings Berhad declared that first interim single tier dividend of 7.30 sen per ordinary share of MYR 0.10 each in respect of the financial year ending December 31, 2016. The dividend will be payable on August 23, 2016 with entitlement date of August 11, 2016. EX-date is August 9, 2016.

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