MAHB net profit soars to RM86.12m in Q2

 Publish date: Tue, 28 Aug 2018, 1:50 PM

KUALA LUMPUR: Malaysia Airports Holdings Bhd’s (MAHB) profit for the second quarter ended June 30, 2018 surged to RM86.12 million from RM61.86 million in the same period a year ago.

Revenue for the quarter under review also improved 5.0 per cent to RM1.15 billion from RM1.09 billion previously.

Airport operations recorded revenue growth of 5.5 per cent to RM1,087.4 million, with the airport operations revenue in the current quarter coming from construction revenue of RM42.3 million from Turkey operations.

“The construction revenue was recognised in relation to the construction of the boarding hall expansion of the Istanbul Sabiha Gokcen International Airport (ISGIA),” it said in a filing with Bursa Malaysia today.

The aeronautical segment, however, declined slightly by 0.5 per cent to RM538.3 million compared with the corresponding quarter last year.

Malaysia operations recorded passenger growth of 2.5 per cent to 24.3 million passengers from 23.7 million in the corresponding quarter last year.

On its operations in Turkey, MAHB revealed that the passenger traffic increased by 7.7 per cent to 8.4 million passengers compared with 7.8 million in the corresponding quarter last year.

“Both international and domestic traffic increased by 7.7 per cent,” it said.

The non-aeronautical segment increased by 3.6 per cent to RM506.8 million, driven by stronger sales registered by the concessionaires and retailers.

However, non-airport operations declined slightly by 3.5 per cent or RM2.4 million due to lower revenue from project and repair maintenance, hotel and agriculture business.

Overall, Malaysia operations recorded a slight decline in revenue by 1.3 per cent to RM820.4 million, while Turkey and Qatar operations recorded revenue growth of 26.8 per cent to RM299.9 million and 7.8 per cent to RM34.4 million, respectively. - BERNAMA

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