Malaysia Airports Holdings Bhd (MAHB) pre-tax profit declined 4.9 per cent to RM119.13 million for the first-quarter ended March 31, 2010 against RM125.27 million registered in the corresponding quarter last year.
This was mainly due to the adoption of the financial reporting standards 139 which resulted in higher share losses in Sabiha Gokcen International Airport Ltd in Turkey, an associate company of MAHB.
Malaysia Airports's first-quarter revenue rose 11.89 per cent to RM436.41 million from RM390.03 million recorded in the same quarter last year.
It attributed the increase in revenue to strong recovery in air travel demand.
Total passenger volume for the quarter stood at 13.45 million, which was 21.04 per cent higher than the same quarter last year, with international and domestic passenger movements growing 31.43 per cent and 12.72 per cent, respectively.
Total aircraft movement grew 11.58 per cent to 139,843 planes with the international sector recording a higher growth of 12.93 per cent compared with the domestic sector which registered a growth of 10.78 per cent.
MAHB's earnings before interest, tax, depreciation and amortisation (EBITDA) improved 13.22 per cent to RM190.69 million from RM168.42 million, previously.
by BERNAMA
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