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MAHB shares up after full-year profit report

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