Saturday , June 3 2023

Bintulu Port Holdings & # 39; Q3 is behind the low revenue


PETALING COPY: Bintulu Port Holdings Bhd's net profit for the third quarter ended on 30 September 2018, an increase of $ 34.75 million compared to the previous year. From US $ 18.54 million to 46.65%.

Profit revenues decreased by 9.10% to $ 16.9 million. Mln.

When the Bureau passed to Malaysia, the group took over Bintulu Port a year earlier – $ 145.76 million. US $ 126.32 million in the quarter. The Tenge reported a drop in revenue. The processing of liquefied natural gas (LNG) was less than 14 minutes. 18 million.

The proceeds from the operations on the Samalaju Industrial Port accounted for 22.26 million US dollars over the year. Compared to US $ 23 million. US dollars, and the revenue of such equipment was 10,17 million US dollars more than a year ago. US $ 12.65 million compared to the previous month.

Other consolidated income in the amount of 8,16 million tenge is 310,000 more than in the previous year.

8,16 million Tenge Up to the end of the concession in 2022, from the 2nd quarter of 2017, the BPSB will receive 2.69 million Tenge due to the reduction of contractual obligations of LPG Jetty. Tenge and $ 4.94 million.

Revenue from construction services for the consulting infrastructure is $ 250 million. US $ 19,79 million a year ago.

"The cost of the construction for concession is also recognized for the quarters. It is IT-12: Recognition of revenue and expenditure on concession agreements, "he said.

Quarter Quarter Samalaju Industrial Port Sdn Bhd. After the full run of the 1st stage, the costs were $ 113 million compared to the previous year due to higher labor costs and direct costs.

For the nine months ended 30 September 2018, net profit declined by 42.62% to 103.14 million dollars in the previous year. 59.18 mln Tenge Tenge growth, and revenue a year ago from 493.55 million tenge to 488.08 million tenge.

The Group has invested $ 9.2 million in respect of the fiscal year ending 31 December 2018. The third dividend for two singles per share was US $ 1 million. The average size of the single common dividend per FY18 is 8 shares.

He noted that the Group's productivity for 2018 still affected LNG delivery, which led to a decrease in the number of ships to the port.

"Container sector is expected to grow positively during the year under review. It is expected that the cargo shipments will have a positive impact on the growth of revenues in 2018, "he said.

"But even with a positive growth in the processing of container and Samalaju cargo, they are not enough to fill unexpected gaps in the LNG load," he warned.

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