KUALA LUMPUR: Malaysia Airports Holdings Bhd’s (MAHB) net profit surged more than three fold to RM237.09 million the financial year ended Dec 31, 2017 against RM73.17 million registered in 2016.
The group’s revenue in 2017 rose 11.5 per cent to RM4.65 billion from RM4.17 billion, previously, attributable to growth in both airport and non-airport operations.
“Airport operations recorded revenue growth of 9.8 per cent, mainly driven by the aeronautical and non-aeronautical segment,” it said in a filing with Bursa Malaysia today.
In the fourth quarter, MAHB registered a decrease in net-profit to RM27.85 million from RM37.12 million the previous corresponding quarter in 2016.
On outlook, the airport operator said 2018 held the promise of being another exciting year for MAHB.
“The group remains committed in delivering high quality services to our stakeholders by embedding a customer-centric culture in airport operations to provide an innovative and digitalised airport experience for passengers, airlines and retailers,” said MAHB.
The airport operator proposed a final single-tier dividend of eight sen per MAHB ordinary share for the financial year ended Dec 31, 2017.
Together with the earlier interim dividend of five sen per share, the total dividend declared for 2017 would amount to 13 sen per share against 10 sen per share declared in 2016.
Meanwhile, MAHB also said it has unveiled its headline key performance indicators for the financial year ending Dec 31, 2018, on a voluntary basis, signalling MAHB’s commitment towards transparent performance measures and good corporate governance. - Bernama