Malaysia Airports Holdings revenue up 11.9%, EBITDA up 13% in 1Q2010

Malaysia Airports Holdings Bhd revenue up 11.9% - financial highlights for the three months ended 31-Mar-2010:

• Revenue: USD135.2 million*, +11.9% year-on-year;
  • Airport Operations: USD126.5 million, +12.0%;
    • Aeronautical: USD63.5 million, +4.8%;
    • Non-aeronautical: USD63.0 million, +20.4%;
      • Retail: USD31.1 million, +24.7%;
• EBITDA: USD59.1 million, +13.2%;
  • Airport operations: USD65.2 million, +13.4%;
• Profit before tax: USD36.9 million, -4.9%;
  • Airport operations: USD53.2 million, +16.0%;
• Net profit: USD22.5 million, -21.1%;
• Total passenger numbers: 13.5 million, +21.0%;
  • Kuala Lumpur International Airport: 7.9 million, +23.7%;
    • MTB: 4.4 million, +22.3%;
    • LCCT: 3.5 million, +25.5%;
• Total revenue per passenger: USD9.86, -7.1%;
• Aeronautical revenue per passenger: USD4.72, -13.4%;
• Non-aeronautical revenue per passenger: USD4.68, -0.5%;
• Aeronautical revenue per aircraft movements: USD454.48, -6.1%. [more]

*Based on the conversion rate at USD1 = MYR3.229

Malaysia Airports Holdings: "The group expects the airport operations business segment to continue contributing positively to the consolidated revenue for 2010 financial year. The aeronautical revenue stream would be highly dependent on the passenger movements at all airports operated by the group. The group also expects non-aeronautical revenue to further contribute positively to overall revenue in 2010 with the completion of the KLIA LCCT expansion in April 2009 and Retail Optimisation Plan at the KLIA Satellite Building and Contact Pier in November 2009," Company statement. Source: Malaysia Airports Holdings, 17-May-2010.