News
Malaysia Airports Holdings reports US$115 million full-year profit
March 5th 2024
Malaysia Airports Holdings (MAHB) has booked a net profit of 543.2 million ringgit (US$115 million) for the 12 months to December 31, close to three times its 2022 187.2 million ringgit net profit. Read More » The calendar 2023 results also exceeded the 537 million net profit earned in pre-pandemic calendar 2019. Revenue increased 57.2%, to 4.9 billion ringgit, listed MAHB said in a regulatory filing. “Airline filings show seat capacity is up 13% so far in 2024 compared with the prior year, it said. “As a result of better operating conditions, we have managed to deliver improved financial performance. We are making good progress in our airport modernisation, digitalisation and commercial rejuvenation programs,” MAHB acting group CEO, Mohamed bin Rastam Shahrom, said. “We are laying the foundation for growth and sustained value accretion with our three-year strategic business plan, while being committed to improving the journeys of our passengers at our network of airports in alignment with our vision to be a global airport group.”
