The relaxation of visa requirements remains a key factor in driving increased passenger arrivals.
PETALING JAYA: Malaysia Airports Holdings Bhd
(MAHB) anticipates further growth as the financial year ending Dec 31, 2004 (FY24) comes to a close, with passenger traffic expected to near pre-pandemic levels.
The airport operator said this growth is driven by strong demand from key markets, including China, India, and South-East Asia. Additionally, the relaxation of visa requirements remains a key factor in driving increased passenger arrivals.
In the third quarter ended Sept 30, MAHB’s net profit more than doubled to RM210.4mil, up from RM94.7mil in the year-ago quarter. Its revenue rose 20% to RM1.53bil compared with RM1.28bil last year while earnings per share rose to 11.74 sen from 4.82 sen previously.
In the first nine months of the year, MAHB’s net profit was RM606.1mil on revenue of RM4.3bil, compared with a profit of RM255.5mil on revenue of RM3.5bil in the same period last year.
MAHB’s prospects for the coming year appear promising, with a robust recovery trajectory, strategic initiatives to boost passenger numbers and positive industry forecasts.
