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Bintulu Port 3Q15 Earnings Slide 16%
Malaysia Daily Bulletin | 11 November 2015
By:
  • Bintulu Port Holdings reported a 15.7 percent decline in 3Q15 net profit to RM29.2 million, as turnover slipped 2 percent to RM130.8 million.
  • The group’s performance was weighed down by weaker revenue in its general cargo and container divisions as well as higher tax expenses.
  • For the nine-month period, top and bottom lines fell 1.8 percent and 19.4 percent to RM396.3 million and RM85.5 million respectively.

Significance: The firm has declared an interim dividend of RM0.06 per share (unchanged year-on-year). Looking ahead, the group’s performance in 2015 is expected to continue to be affected by the softness in liquefied natural gas market, containerised cargo and timber-based products.


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