KUALA LUMPUR: AirAsia X Bhd's share price fell as much as 23 per cent today after fourth quarter net profit for financial year 2023 (Q4FY23) came 82 per cent lower to RM27.4 milion.
This was despite revenue growing two fold to RM818.23 million compared with RM339.3 million in Q4 2022.
Short selling in the stock has been suspended until Monday.
Trading in its securities were halted between 11.41am until 12.30pm, when it filed amendments to its financial results for FY23 earlier.
Trading resumed at 2.30pm.
AirAsia X reported a net profit of RM366.5 milion for FY23, on revenue of RM2.53 billion.
As at 4pm the airline's share price was trading 11.18 per cent lower to RM1.51 a share. Some 23.8 million shares changed hands.