Published on : Monday, March 2, 2020
For the final three months of 2019 the Malaysia Airports Holdings Bhd’s ( MAHB) net profit rose 5% and the earning for the fourth quarter ended Dec 31, 2019 rose RM 29.51 million from the existing RM 28.1 million.
Earnings for the fourth quarter ended Dec 31, 2019 (4Q19), rose to RM29.51 million from RM28.1 million recorded in the same period in 2018.
The profit before tax or PBT of MAHB of the Malaysian operations rose by 38.3 % to RM86 million and the company’s Turkey operations posted a loss before tax ( LBT) of RM 40.4 million.
While MAHB’s Qatar operations posted a lower PBT of RM 500,000.
In the fourth quarter of 2018 the airport opeartor’s earnings per share in the three months incarsed to 0.9 sen from 0.82 sen. There was a 7.2 % year-on-year ( YoY) increase in revenues to RM 1.34 billion from RM 1.25 billion in 4 Q18.
Due to the absence of the one-off gains from the fair valuation of investment in GMR Hyderabad International Airport Ltd, MAHB’s net profit for the full year fell 26.16% to RM 537.04 million from RM 727.3 million.
It amounted to RM 258.4 million investment disposal gain in GMR Male’ International Airport Pte Ltd amounting RM28.2 million.
The company said that the PBT increased by 33.4% or RM 165.2 million as compared to 2018 excluding the one-off gains.
This was fuelled by the higher revenues from the airport operations and lower losses from Turkey operations.
By the growth in passenger and aircraft movements MAHB’s annual revenues rose by 7.42% YoY to RM 5.21 billion from RM 4.85 billion.
The group’s aeronautical revenue segment grew by 15% to RM2.76 billion on a strong passenger growth for the 12-month period.