MAHB shares rise on positive earnings result

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.

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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
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