KUALA LUMPUR (Feb 29): BINTULU PORT HOLDINGS BHD [] reported a 107% increase in earnings at RM59.94 million for the fourth quarter ended Dec 31, 2011 from RM28.87 million a year ago.
It said on Wednesday its profit before taxation of RM43.76 million was 22.1% higher compared to RM35.84 million a year ago. It proposed a final dividend of 7.50 sen a share.
Bintulu Port’s operating revenue increased by 6.2% to RM125.36 million from RM118.07 million a year ago.
“Revenue generated from port services is RM116.60 million with the revenue from the handling of LNG vessel calls and cargo contributing RM90.47 million (72.17%) towards the total operating revenue. Revenue from bulking services contributed RM8.76 million (6.99%) towards the total operating revenue,” it said.
For FY11, its net profit climbed 22.4% to RM170.77 million from RM139.44 million but its revenue fell 4.8% to RM490.13 million from RM514.83 million.
Trading in the shares was suspended from 9am to 10am.
It said on Wednesday its profit before taxation of RM43.76 million was 22.1% higher compared to RM35.84 million a year ago. It proposed a final dividend of 7.50 sen a share.
Bintulu Port’s operating revenue increased by 6.2% to RM125.36 million from RM118.07 million a year ago.
“Revenue generated from port services is RM116.60 million with the revenue from the handling of LNG vessel calls and cargo contributing RM90.47 million (72.17%) towards the total operating revenue. Revenue from bulking services contributed RM8.76 million (6.99%) towards the total operating revenue,” it said.
For FY11, its net profit climbed 22.4% to RM170.77 million from RM139.44 million but its revenue fell 4.8% to RM490.13 million from RM514.83 million.
Trading in the shares was suspended from 9am to 10am.
