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Westports net profit slides for second straight quarter, pays 6.37 sen dividend

Mimi Sabreena 3:15:00 PM Informasi

KUALA LUMPUR (July 20): Westports Holdings Bhd reported that net profit in the second quarter ended June 30, 2017 (2QFY17) declined 6.9% — its second straight quarterly tumble — mainly due to an 11% drop in container throughput handled in the current quarter under review.

Net profit fell to RM148.82 million in 2QFY17 from RM159.87 million a year ago. Earnings per share was lower at 4.36 sen compared with 4.69 sen in 2QFY16.

Quarterly revenue also dropped 4.1% to RM501.44 million in 2QFY17 from RM522.63 million in 2QFY16.

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