Tay expected passenger traffic growth in 2018 to continue to benefit from stablisation of the operating environment for MAHB's unit, Sabiha Gokcen International Airport .
KUALA LUMPUR: Malaysia Airports Holdings
Bhd (MAHB) reported a 235% jump in its earnings for FY ended Dec 31 2017 to RM236.48mil but fourth quarter earnings fell.
It said on Wednesday the earnings were up from RM70.38mil in FY16 due to sustained growth in passenger and aircraft movements continued to impact positively to the group’s earnings.
Revenue rose 11.5% to RM4.65bil from RM4.17bil, mainly contributed by growth in both airport and non-airport operations. It proposed a final single-tier dividend of eight sen a share.
Airport operations recorded revenue growth of 9.8% to RM4.296bil, mainly driven by the aeronautical and non-aeronautical segment.
Non-aeronautical revenue per pax rose by 4.4% to RM16.4 driven by stronger sales registered by the concessionaires and retailers.
Non-airport operations revenue grew 14.4% to RM297.6mil, mainly contributed by hotel, agriculture and project and repair maintenance business segments.
“Overall, Malaysia operations recorded revenue of RM3.43bil with growth of 10.6%, whilst Turkey and Qatar operations recorded revenue growth of 13.2% to RM1.08bil and 19.9% to RM137.5mil respectively,” it said.
MAHB pointed out that included in revenue for the Turkey operations was RM57.9mil for construction revenue which was for expanding the boarding hall of ISGIA.
At the pre-tax level, MAHB recorded an 82.4% increase to RM334.5mil despite a 6.8% increase in costs. The higher costs were the increase in costs of inventories sold, user fees, repair and maintenance cost, employee benefit expenses as well as provision for doubtful debts.
The PBT of Malaysia operations grew 27.4% to RM611.9mil. Turkey registered a loss before tax of RM287.5mil while meanwhile Qatar operations posted PBT of RM10.1mil.
Q4FY17
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