AirAsia FY13 earnings fall on forex loss, operating profit flat


KUALA LUMPUR: AirAsia Bhd's earnings fell 53.9% to RM364.07mil in the financial year ended Dec 31, 2013 from RM789.61mil in FY12 as it was impacted by higher finance costs and foreign exchange losses on its borrowings.

The low-cost carrier said on Wednesday its revenue rose 4.9% to RM5.189bil in FY13 from RM4.946bil in FY12. However, its operating profit was flat at RM1.021bil compared with RM1.027bil a year ago.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

RM11 MAHB privatisation offer provides immediate gains for investors - CIMB
Oil prices edge higher after Russia-Ukraine tensions escalate
Malaysia-Brazil partnership instrumental to Yinson's success
Ringgit advances as domestic optimism offsets US rate concerns
Foreign investors record RM259.8mil weekly net outflow from Bursa Malaysia
Bursa Malaysia stays firmly below 1,600 amid weak regional sentiment
Trading ideas: MAHB, Sime Darby, Pantech, Barakah, Meta Bright, Mudajaya, Citaglobal, Cropmate, Sunsuria
MR DIY’s earnings to pick up in the fourth quarter
AI likely to add US$79bil to Vietnam’s economy by 2030
Boon or bane?

Others Also Read