Bintulu Port Holdings posted lower net profit but higher revenue for the first-half of this year. The Kuala Lumpur listed port operator reported first-half net profit of RM71.7m ($24m) compared to RM74.1m in the same period of last year, Seatrade Asia online reports. Revenue rose to RM241.2m in the period compared to RM225.4m a year ago.
Bintulu Port said the handling of LNG vessel calls and cargoes will still be the Malaysian port's most important revenue contributor.
“The bulking operation is also expected to contribute positively towards the revenue growth. Other cargoes that are expected to contribute positively towards the revenue are bulk fertiliser, palm oil, palm kernel and alumina,” Bintulu Port said.
Bintulu port is located in northeast Sarawak along the route between the Far East and Europe.
Bintulu Port said the handling of LNG vessel calls and cargoes will still be the Malaysian port's most important revenue contributor.
“The bulking operation is also expected to contribute positively towards the revenue growth. Other cargoes that are expected to contribute positively towards the revenue are bulk fertiliser, palm oil, palm kernel and alumina,” Bintulu Port said.
Bintulu port is located in northeast Sarawak along the route between the Far East and Europe.