Perak Transit to benefit from footfall recovery

KUALA LUMPUR: Perak Transit Bhd expects the recovery in passenger footfall to continue in the remaining quarter of 2022 given the normalisation of travelling behaviour as the country transitioned to the endemic phase.

“The group’s stage bus operations continue to see stronger demand from passengers as more people are transiting within Perak during the endemic phase. Similarly, the group’s petrol station operations also witnessed higher fuel demand and may continue to see better demand ahead with higher transportation activities on the road,” Perak Transit said in a filing with Bursa Malaysia.