27-Feb-2009 11:49 AM
Malaysia Airlines steady after better than expected earnings, Air NZ buoyed by optimistic outlook
Analysis
Malaysia Airlines posted a full-year net profit of MYR244 million, which exceeded market expectations, including its tenth consecutive quarterly profit of MYR46 million in the fourth quarter. Managing Director & CEO, Idris Jala, stated it was a "solid performance". Investors seem unconvinced, with the airline's shares steady yesterday.
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