MAHB 2Q net profit rises to RM102.53mil

MAHB managing director Datuk Iskandar Mizal Mahmood.-AZMAN GHANI/The Star

KUALA LUMPUR: Malaysia Airports Holdings Bhd’s (MAHB) net profit for the second quarter (2Q) ended June 30, 2023 (2Q FY2023) rose to RM102.53 million versus a net loss of RM58.15 million in the same quarter last year.

Revenue grew 78.6 per cent to RM1.23 billion from RM689.76 million previously, in tandem with increased passenger volumes, resumption of airline services and connectivity, reopening of China borders and increased Haj pilgrim’s quota.