17-Feb-2011 3:02 PM

MAHB shares up after full-year profit report

Analysis

Malaysia Airports Holdings Berhad, the operator of 29 Malaysian and four international airports, reported a full-year 2010 net result of USD96.8 million, a decline of 22.2%. The company reported an EBTIDA of USD232 million, a 10.1% increase. Shares in the airport operator gained 2.8% yesterday, trading strongly on a mixed day for airport shares.

Malaysia Airports Holdings Berhad financial highlights, 12 months ended 31-Dec-2010:

Revenue: USD595.6 million, +10.7%;
- Airports: USD550.3 million, +11.9%;
  - Aeronautical: USD285.4 million, +9.9%;
    - Passenger service charge and passenger security service charge: USD172.2 million, +14.8%;
    - Landing and parking: USD64.9 million, +6.7%;
  - Non-aeronautical: USD265.0 million, +14.2%;
    - Retail: USD135.3 million, +17.1%;
    - Rental and royalties: USD105.5 million, +8.8%;
EBITDA: USD232.3 million, +10.1%;
- Airports: USD261.1 million, +11.2%;
Net profit: USD96.8 million, -22.2%;

Revenue per passenger: USD9.96, -0.8%;
- Aeronautical per passenger: USD4.93, -2.4%;
- Non-aeronautical revenue per passenger: USD4.58, +1.4%;
Aeronautical revenue per aircraft movements: USD493.67, +1.9%;
Passenger numbers: 57.8 million, +12.7%;
- Kuala Lumpur Airport: 34.1 million, +14.9%;
  - Main terminal building: 18.7 million, +13.0%;
  - LCCT: 15.4 million, +17.3%;
- Aircraft movements: 578,100, +7.9%;
  - Kuala Lumpur: 244,100, +8.4%;
    MTB: 133,900, +7.0%;
    LCCT: 110,300, +10.3%.

*Based on the conversion rate at USD1 = MYR3.044

Selected ABD daily share price movements (% change): 16-Feb-2011

MAHB shares up after full-year profit report

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