Port Klang operator sees profit growth


Westports, the main terminal operator of Port Klang, saw a significant rise in profits to US$72.7 million from US$62.3 million in the first half of 2014, reports Sea Trade Global.

Revenue rose slightly to US$243.1 million from US$236.2 million as container growth seeped into the end result.

However, Westports saw an almost flat second quarter net profit growth of US$38.7 million from US$37.7 million, when compared to the previous corresponding period.

Westports CEO Ruben Emir Gnanalingam said in a press release that in the first half total container throughput was exceptionally strong, rising to 4.02 million TEU, a 14% year-on-year increase.

During the first half Westports has managed two record-high monthly volumes. The first in March, and the second record-high in May, totalling 718,000 TEU.

Gateway business was also positive, rising by 10.5% year-on-year.

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