KUALA LUMPUR, May 28 — Malaysia Airports Holdings Bhd’s (MAHB) profit for the first quarter ended March 31, 2018 surged to RM444.6 million from RM65.29 million in the same period a year ago.
Revenue for the quarter under review also improved 11.2 per cent to RM1.22 billion from RM1.09 billion previously.
“Airport operations recorded revenue growth of 12.2 per cent to RM1,14 billion, mainly driven by both the aeronautical and non-aeronautical segments and this included construction revenue of RM25.8 million from Turkey operations.
“Underpinned by strong passenger growth, the aeronautical segment grew 11.7 per cent to RM588.4 million over the corresponding quarter last year,” it said in a filing to Bursa Malaysia today.
Malaysia operations recorded passenger growth of 3.4 per cent (international grew 10.2 per cent, while domestic contracted 3.4 per cent) to 24.4 million passengers compared with the corresponding quarter last year of 23.6 million passengers.
The growth in international passenger traffic was contributed by four regional international airports performing exceptionally well in March 2018.
On its operations in Turkey, MAHB revealed that the passenger traffic for the Turkey operations increased 18.2 per cent to 7.8 million passengers compared with the corresponding quarter last year of 6.6 million passengers.
Both international and domestic traffic increased by 19.0 per cent and 17.8 per cent, respectively.
The non-aeronautical segment also recorded almost equally strong revenue growth of 7.6 per cent to RM528.9 million, driven by stronger sales registered by the concessionaires and retailers.
However, non-airport operations slightly declined 2.8 per cent or RM2.1 million due to lower revenue from agriculture business resulting from a decrease in Fresh Fruit Bunch price and lower project and repair maintenance.
Overall, Malaysia operations recorded revenue of RM908.3 million with growth of 8.8 per cent, Turkey operations reported revenue growth of 22.3 per cent to RM272.7 million while Qatar operations registered a slight decline in revenue by 1.1 per cent to RM34.8 million. — Bernama
