Monthly Archives: March 2021

Boustead Progresses Steadily in Reinventing Efforts With Improved EBITDA and Posts Lower Loss in FY2020

KEY HIGHLIGHTS Revenue lowered by 24% to RM 7.86 billion for FY2020 Loss After Tax and Zakat (LAT) for FY2020 stood at RM500.7 million, a reduction by 64% from LAT of RM1.39 billion in FY2019 EBITDA for the year stood at RM581 million, up by 28% from RM455.2 million in FY2019   KUALA LUMPUR, 31…

Boustead Disposes Cruise Terminal to Focus On Core Investments

Kuala Lumpur, 19 March 2021 – Boustead Holdings Berhad (BHB) has taken another step to fortify its Reinventing Boustead initiative by disposing its Klang-based international cruise terminal and stay focused on the core investments. The Company today entered a conditional share sales agreement with Westports Holdings Berhad and Klang Port Management Sdn Bhd to dispose…