Capital A posts bigger loss in 3Q, maintains positive outlook

KUALA LUMPUR: Capital A Bhd’s net loss for the third quarter ended Sept 30 (3Q) ballooned to RM901.3mil, from RM887mil in the same quarter last year due to one-off items and unrealised foreign exchange losses.

In a statement, it said these include non-operating aircraft depreciation and interest expenses of RM239mil, foreign exchange losses of RM364mil (of which RM349mil was unrealised), 76% of share of losses from associates of RM227mil which is attributed to forex losses and one-off maintenance expenses of RM62mil.