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.
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