KUALA LUMPUR: Malaysia Airports Holdings Bhd
‘s (MAHB) net loss narrowed to RM766.44 million for the monetary 12 months ended Dec 31, 2021 (FY2021) from a net loss of RM1.12 billion final 12 months, due to an additional reduction in core operational expenses by 11 per cent in addition to a rise in different incomes.
In addition, the airport operator stated its loss for FY2021 “was mitigated by the popularity of deferred tax asset recognised arising from the present 12 months’s enterprise losses.”
Its income for the 12 months slipped to RM1.67 billion towards RM1.87 billion beforehand, due to a 16.0 per cent contraction in passenger actions through the motion management order (MCO) since March 2020.
That had subsequently pulled down its aeronautical section income by 9.9 per cent to RM798.1 million.
“Revenue from non-airport operations elevated by 12.3 per cent due to larger income from agriculture, pushed by larger recent fruit bunches (FFB) value, restore upkeep and lodge companies,” it stated in a inventory trade submitting to Bursa Malaysia.
MAHB stated for FY2021, its Malaysian operations recorded a decrease pretax loss (LBT) of RM193.7 million from an LBT of RM448.1 million in FY2020, Turkey operations’ LBT at RM22.3 million from an LBT of RM626.8 the earlier 12 months.
In phrases of passenger actions, the group stated for FY2021, it noticed indicators of visitors restoration from COVID-19, albeit at a unique tempo in Turkey and Malaysia.
“Turkey operations confirmed indicators in direction of normalisation as passenger visitors had elevated by 47.7 per cent (worldwide: 69.8 per cent, home: 37.8 per cent) to 25.4 million towards 17.2 million recorded in the prior 12 months,” it stated. “Whereas, Malaysia operations recorded a lower in passenger actions by 58.5 per cent (worldwide: minus 86.3 per cent, home: minus 42.3 per cent) to 10.7 million passengers towards 25.8 million passengers in the prior 12 months.”
MAHB stated the non-aeronautical section income decreased 16.0 per cent to RM668.5 million from the earlier 12 months due to the decrease business rental income from Malaysian operations
For the fourth quarter, MAHB noticed its net loss contracted to RM136.73 million from RM685.02 million, attributable to larger income of 109.1 per cent, coupled with decrease core operational expenses by 8 per cent from the identical interval final 12 months.
Its income jumped to RM551.34 million from RM263.64 million beforehand, in tandem with the numerous improve in passenger volumes with the easing of the MCO, interstate journey, and the introduction of Vaccinated Travel Lane (VTL) in Malaysia, in addition to the continued restoration momentum in Turkey.
Moving ahead, MAHB famous that the Singapore- Kuala Lumpur VTL, the resumption of Umrah journey and the introduction of a number of new home routes have been some of the latest developments which is able to proceed to drive visitors restoration in the close to time period.
MAHB stated it “stays cautiously optimistic on the continued restoration, while intently monitoring the developments of the variants of concern, booster vaccines efficacy and journey restrictions and its affect to the passenger visitors restoration.” – Bernama
