KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) saw its net profit surge to RM444.59mil in the first quarter ended March 31, 2018, boosted by the unrealised gan from the sale of its investment in an Indian airport.MAHB announced on Monday its net profit jumped 590% from RM64.28mil a year ago. Turkey posted loss before tax of RM76.5mil while Qatar operations recorded a profit before tax of RM6.5mil.Its revenue increased by 11.1% to RM1.21bil from RM1.09bil. Both international and domestic traffic increased by 19.0% and 17.8% respectively.The non-aeronautical segment also recorded almost equally strong revenue growth of 7.6% to RM528.9 million, driven by stronger sales registered by the concessionaires and retailers.However, non-airport operations dipped by 2.8% or RM2.1mil due to lower revenue from agriculture business resulting from a decrease in fresh fruit bunches price and lower project and repair maintenance.“Overall, Malaysia operations recorded revenue of RM908.3mil with growth of 8.8%. Turkey operations recorded revenue growth of 22.3% to RM272.7mil. However, Qatar operations recorded a slight decline in revenue by 1.1% to RM34.8mil,” said MAHB.

Source: The Star May 28, 2018 06:33 UTC