KUALA LUMPUR: Capital A Bhd
is back in the black, achieving a net profit of RM836.98 million for the financial year ended Dec 31, 2023 (FY2023) from a net loss of RM2.62 billion in FY2022.
The group attributed the improvement in its net profit to the recognition of a gain of RM1.36 billion from the remeasurement of an associate to its subsidiary, Asia Aviation PCL Group, and the overall improvement of the aviation business.
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