KUALA LUMPUR – Westports Holdings Bhd's net profit for the third quarter ended September 30, 2021 declined to RM199.06 million from RM203.85 million.
Revenue was down to RM504.89 million from RM528.36 million, it said in a filing with Bursa Malaysia.
In a separate statement, Westports said the company reported a total revenue of RM1.52 billion in the nine-month period of 2021 as the container segment contributed most to the revenue as throughput volume increased by 3.0% to 7.9 million twenty-foot equivalent units (TEUs).
On prospects, Westports said the container volume in the latest quarter was affected by the on-going disruptions in the supply chain.
Nevertheless, the increases in vaccination rates domestically and around the world should pave the way for further recovery in economic activities and consumer confidence.
“Fiscal stimulus is also supporting a certain threshold of economic activities in many countries.
“Hence, the company is maintaining its single-digit container throughput growth guidance for 2021,” it said. – Bernama, October 29, 2021
