News Formal

MAHB shares rise on positive earnings result

  • 📰 staronline
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 75%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

At 9.20am, the airport operator was up 11 sen or 1.62% at RM6.90 a share on the back of 300,400 shares exchanging hands.

saw investor buying interest after it reported a return to profitability after 11 consecutive quarters of losses.

It attributed its improved bottomline to higher revenue, a reduction in utilisation fees and a better share of results from joint ventures and associates. For 2022, the company's net profit was RM187.2mil as compared with a net lo;ss of RM755.43mil a year earlier."After a tumultuous period of uncertainty and challenges, passenger traffic is steadily improving and recovering closer to pre-pandemic levels,” said MAHB managing director Datuk Iskandar Mizal Mahmood in a statement.

According to the research firm, MAHB registered a core loss in 4Q22 after stripping out exceptional items, which was a reverse from a 3Q22 core profit of RM19.5mil.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lynas does not receive any special treatment for its investment in Malaysia“Lynas only seeks to be treated fairly and equitably, in line with other companies in Malaysia,” it said. theSun thesundaily Lynas Malaysia Parliament localjobs
Source: theSundaily - 🏆 25. / 51 Read more »