KUALA LUMPUR: AirAsia X
’s first quarter fiscal 2017 (Q1’17) group core net profit of RM24mil was more than CIMB Equities Research’s previous full-year forecast of RM13mil as it had underestimated AAX’s charter-flight revenues as it was concerned about multiple headwinds.
The research house said yesterday it revised up its FY17F core net profit forecast to RM42.7mil.
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