Prasarana expects to cut losses this year

On the rise: In the January-June 2019 period, the total ridership of Prasarana’s rail service rose 10% y-o-y to 113 million.

KUALA LUMPUR: Rising ridership at its urban rail networks and an ongoing cost-optimisation programme are contributing to Prasarana Malaysia Bhd’s improved operating financial health.

The Finance Ministry-owned transport company is targeting to reduce its loss before interest, tax, depreciation and amortisation (LBITDA) for the current financial year ending Dec 31, 2019 (FY19) to a four-year low.