MAHB sets RM620mil earnings target

  • Business
  • Friday, 01 Jan 2010

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has set the target of RM620mil in earnings before interest, taxes, depreciation, and amortisation under its key performance indicators for 2010.

In a statement to Bursa Malaysia yesterday, MAHB said the company also expected a decline in return on equity to 6.57% this year with the adoption of the FRS 139 financial reporting standard from 9.22% without the FRS 139.

The airport operator said it expected to achieve an overall growth of 3% to 4% in passenger movements in financial year 2010 despite the challenges and difficulties being faced by the airline industry.

Much of this growth is expected to come from the KL International Airport LCC Terminal, which imposes lower passenger service charge. — Bernama

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