KUALA LUMPUR: Malaysia Airports Holdings Bhd
(MAHB) anticipates further growth as the financial year ending Dec 31, 2004 (FY24) comes to a close, with passenger traffic expected to near pre-pandemic levels.
The airport operator said this growth is driven by strong demand from key markets, including China, India, and Southeast Asia. Additionally, the relaxation of visa requirements remains a key factor in driving increased passenger arrivals.
“Ongoing efforts to attract new airlines and routes, coupled with the resumption of services by existing carriers, are expected to further drive passenger growth.
“The strategic focus on improving infrastructure, enhancing operational efficiencies, and offering elevated passenger services positions MAHB well to capitalise on the anticipated increase in air travel demand,” MAHB said in a filing with Bursa Malaysia.
In the third quarter ended Sept 30, MAHB’s net profit more than doubled to RM210.4mil, up from RM94.7mil in the year-ago quarter.
Its revenue rose 20% to RM1.53bil compared with RM1.28bil last year while earnings per share rose to 11.74 sen from 4.82 sen previously.
In the first nine months, MAHB net profits was RM606.1mil on revenue of RM4.3bil, compared with RM255.5mil on revenue of RM3.5bil in the same period last year.
MAHB’s prospects for the coming year appear promising, with a robust recovery trajectory, strategic initiatives to boost passenger numbers, and positive industry forecasts.
“We remain optimistic about the continued growth and success of MAHB, driven by the collective efforts to ensure a seamless and enjoyable travel experience for all passengers,” it added.
