AI Summary
Bintulu Port Holdings Bhd's 1HFY25 core net profit of RM61.1 million met analyst expectations, despite a 26% drop due to a higher effective tax rate. Revenue dipped marginally by 2% to RM396.5 million, impacted by planned maintenance at Petronas' MLNG complex, offset by higher cargo volumes at Samalaju Industrial Port. LNG cargo volume decreased, while non-LNG cargo increased due to normalized trade routes. MLNG operations are recovering and expected to fully resume by 4QFY25.
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