Thursday, 19 July 2018

MAHB net profits surges more than three fold

MAHB net profits surges more than three fold
February 22, 2018, Thursday

KUALA LUMPUR: Malaysia Airports Holdings Bhd’s (MAHB) net profit surged more than three fold to RM237.09 million the financial year ended Dec 31, 2017 against RM73.17 million registered in 2016.

The group’s revenue in 2017 rose 11.5 per cent to RM4.65 billion from RM4.17 billion, previously, attributable to growth in both airport and non-airport operations.

“Airport operations recorded revenue growth of 9.8 per cent, mainly driven by the aeronautical and non-aeronautical segment,” it said in a filing with Bursa Malaysia yesterday.

In the fourth quarter), MAHB registered a decrease in net-profit to RM27.85 million from RM37.12 million the previous corresponding quarter in 2016.

On outlook, the airport operator said 2018 held the promise of being another exciting year for MAHB.

“The group remains committed in delivering high quality services to our stakeholders by embedding a customer-centric culture in airport operations to provide an innovative and digitalised airport experience for passengers, airlines and retailers,” said MAHB.

— Bernama

Malaysia Airports hits record 96.6 million passengers in 2017
February 22, 2018, Thursday

KUALA LUMPUR: Malaysia Airports Holdings Bhd’s (MAHB) passenger movements at its domestic airports grew 8.7 per cent to a record of 96.6 million passengers in 2017, surpassing the 90 million mark for the first time.

In a filing to Bursa Malaysia yesterday, MAHB said the passenger traffic was mainly driven by the international sector, which rose 14.6 per cent to 49.5 million passengers in 2017 over 2016.

“Domestic traffic on the other hand recorded 47.1 million passenger movements, an increase of 3.1 per cent over the same period in 2016. The Kuala Lumpur International Airport (KLIA) recorded 58.6 million passengers in 2017, a double-digit growth of 11.4 per cent over 2016.

“KLIA handled 28.3 million passengers, 11 per cent higher than in 2016 while klia2 handled 30.3 million passengers, a growth of 11.8 per cent over 2016. KLIA and Kota Kinabalu were among the airports that registered a double-digit growth in passenger movements,” it said.

MAHB said other airports that also registered positive growth were Penang, Kuching, Langkawi, Kota Bharu, Melaka, Tawau and Bintulu, while overall aircraft movements for airports in Malaysia increased by 4.5 per cent in 2017.

It said the international movements increased by 11 per cent while domestic sector increased by 0.7 per cent, with the overall average load factor for 2017 at 76 per cent, the highest since 2012.

Despite the high increase in the international aircraft movements, MAHB said average load factor for the international sector was an all-time high of 77 per cent, while overall cargo movements increased by 7.9 per cent in 2017 to 955,936 tonnes, the first positive growth since 2014.

Meanwhile, MAHB said the Istanbul Sabiha Gokcen Airport’s (SGIA) total passengers surpassed the 30 million mark for the first time in 2017, registering 31.3 million passengers, an increase of 5.7 per cent over 2016.

“International passengers increased by 8.4 per cent, while domestic passengers increased by 4.5 per cent. Istanbul SGIA’s passenger traffic picked up momentum after February 2017,” it added.

Based on prevailing economic conditions and the additional airlines seat capacity offered, MAHB said Malaysia passenger traffic in 2018 is expected to register 103.7 million passengers over 96.6 million recorded in 2017.

“The international and domestic passenger traffic is expected to register 53.9 million and 49.8 million movements, respectively. It is expected that fuel cost (single largest airline cost at 20-40 per cent) will remain close to current prices.

“Malaysia would continue to benefit from visa relaxation for Chinese and Indian tourists. The 2018 traffic numbers are expected to be mainly contributed by China, India and Southeast Asia sectors which currently make up 75 per cent of the international traffic,” it said. — Bernama

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