BINTULU: Bintulu Port Holdings Berhad recorded RM184.80 million in operating revenue for the first quarter of this year – 3.99 percent higher compared to last year’s Q1.
The Group recorded RM142.46 million from its port services revenue in first quarter (Q1) 2021 compared to RM142.48 million achieved in Q1 2020.
Samalaju Industrial Port generated port services revenue amounting to RM32.64 million during the quarter under review against RM25.85 million garnered during the corresponding period of last year.
The revenue from bulking facilities is RM9.70 million as against RM9.38 million in Q1 2020.
Meanwhile BPHB expended RM151.35 million during the quarter under review, an increase of RM12.99 million compared to Q1 2020 (RM138.36 million) mainly due to additional depreciation on right of use assets under MFRS 16: Leases for new charter hire of vessels at Bintulu Port Sdn Bhd which commenced from Q2 2020 and provision of maintenance dredging at Bintulu Port Sdn Bhd and Samalaju Industrial Port Sdn Bhd, it said in a statement.
Its net profit for Q1 2021 decreased to RM24.70 million from RM31.07 million in the corresponding quarter a year ago.
It also declared a first interim single-tier dividend of 3.0 sen per share, which will be paid on Aug 3, 2021.
“In our prospects, we have commenced the handling of LNG ISO Tank in Feb 2021 and this will spur growth for the container sector.
“The planned commencement of Malaysian Phosphate Additives (Sarawak) Sdn. Bhd. (MPA) in Q3 2021 is also expected to contribute to our revenue growth in 2021.
“We will continue to closely monitor the impact of Covid-19 pandemic which continues to disrupt the supply chain in the logistics industry,” it said.