News
Malaysia Airports returns to profit in latest quarter
May 31st 2023
Malaysia Airports Holdings booked a net profit of 58.2 million ringgit (US$13 million) for the three months to March 31 compared with a net loss of 104.8 million ringgit in the same quarter in 2022. Read More » Revenue increased 81%, to 1 billion ringgit, Malaysia Airports said in a regulatory filing. The airport company’s improved financial performance was the result of a significant increase in air passengers after global travel protocols were eased and airlines restarted more services. “Barring unforeseen circumstances and considering the easing of travel restrictions particularly in China, Japan and South Korea, it is anticipated the 2023 year will recover to approximately 80%-90% of pre-pandemic levels,” Malaysia Airports said in its financial accounts.
