APFT oil and gas venture to help it return to the black

APFT Bhd executive chairman Datuk Faruk Othman (left) and executive director Arif Faruk during the press conference after APFT EGM on Monday. SHAHRUL FAZRY ISMAIL / THE STAR

PETALING JAYA: Aviation training provider APFT Bhd is confident it would return to the black and cut losses by financial year ending March 2015 (FY15) on the back of a new venture in the oil and gas (O&G) industry, as well as the expansion in its aviation training expertise in India and Indonesia.

The company aims to complete the acquisition of a 51% stake in PT Technic (M) Sdn Bhd next month, which comes with a guaranteed profit of RM3mil for the fourth quarter ending March 31, 2014.