KUALA LUMPUR, Aug 24 — Malaysia Airports Holdings Bhd’s (MAHB) net profit for the second quarter (2Q) ended June 30, 2023 (2Q FY2023) rose to RM102.53 million versus a net loss of RM58.15 million in the same quarter last year.
Revenue grew 78.6 per cent to RM1.23 billion from RM689.76 million previously, in tandem with increased passenger volumes, resumption of airline services and connectivity, reopening of China borders and increased Haj pilgrim’s quota.
“Revenue from airport operations increased by 84.3 per cent from RM626.8 million to RM1,155.4 million. Aeronautical segment revenue increased from RM368.2 million to RM696.7 million as compared to the corresponding quarter in the prior year,” it said in a filing with Bursa Malaysia.
MAHB said revenue from non-airport operations increased by 21.6 per cent or RM13.6 million from RM63.0 million to RM76.6 million due to higher revenue from the project and repair maintenance and hotel businesses.
“Overall, Malaysia operations had recorded a significant increase in revenue by 118.3 per cent from RM357.5 million to RM780.6 million, whereas Türkiye and Qatar operations recorded an increase in revenue by 37.9 per cent from RM309.2 million to RM426.4 million and 8.2 per cent from RM23.1 million to RM25.0 million, respectively,” it said.
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