AirAsia FY13 earnings fall on forex loss, operating profit flat


KUALA LUMPUR: AirAsia Bhd's earnings fell 53.9% to RM364.07mil in the financial year ended Dec 31, 2013 from RM789.61mil in FY12 as it was impacted by higher finance costs and foreign exchange losses on its borrowings.

The low-cost carrier said on Wednesday its revenue rose 4.9% to RM5.189bil in FY13 from RM4.946bil in FY12. However, its operating profit was flat at RM1.021bil compared with RM1.027bil a year ago.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit closes slightly higher against US$, major currencies
Titijaya, Permodalan Negeri Selangor ink consortium agreement to undertake RM343mil housing project
HSS Holdings' ACE Market IPO 10.56 times oversubscribed
Capital A says no losses expected from Teleport, Big Pay notice of seizure
Bermaz Auto's 4Q net profit jumps to RM46.62mil
AIM to explore business development with Beijing ZhenHealth Tech
Forest City SFZ can exceed RM2bil investment target this year
Weststar Maxus, Yinson Greentech ink deal for 300 electric commercial vans
Wawasan QI's Kami Builders issues RM90mil SRI sukuk
Heavyweight stocks lift Bursa Malaysia, pare losses at midday

Others Also Read