Westports Holdings Bhd posted lower earnings of RM504.86mil in the financial year ended Dec 31, 2015 due to higher tax expenses despite higher pre-tax profit and revenue.
The port operator announced on Wednesday its earnings were lower by 1.4% from RM512.20mil in FY14. Its revenue increased 7.6% to RM1.68bil from RM1.56bil a year ago. It proposed dividend of 5.78 sen a share.
Westports’ profit before tax increased by 12% to RM650.14m as operational revenue grew by 5% to RM1.58bil.
It sustained higher tax expense of RM144.28mil compared with RM66.57mil a year ago. However, there was higher tax expense of RM145.28mil compared with RM66.58mil a year ago.
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The port operator announced on Wednesday its earnings were lower by 1.4% from RM512.20mil in FY14. Its revenue increased 7.6% to RM1.68bil from RM1.56bil a year ago. It proposed dividend of 5.78 sen a share.
Westports’ profit before tax increased by 12% to RM650.14m as operational revenue grew by 5% to RM1.58bil.
It sustained higher tax expense of RM144.28mil compared with RM66.57mil a year ago. However, there was higher tax expense of RM145.28mil compared with RM66.58mil a year ago.
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