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01-Jul-2020 1:13 AM

Malaysia Airports Focuses On Cost Containment And Strengthening Revenue Streams In 2020

Direct News Source

Malaysia Airports Holdings Berhad (MAHB) held its first ever virtual annual general meeting (AGM) earlier today at Sama-Sama Hotel, KLIA. The Chairman of Malaysia Airports Tan Sri Datuk Zainun Ali had said that the Group had registered strong performance in FY2019 achieving record revenue and core earnings before interest, tax, depreciation and amortisation (EBITDA) of RM5,213.1million (an increase of 7.4% from FY2018) and RM2,292.0 million (an increase of 9.3% from FY2018) respectively. Coupled with prudent cashflow management, this had put the Group on a stronger footing to weather the impact of COVID-19, and take the opportunity to create value for its stakeholders.

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This press release was sourced from Malaysia Airports on 29-Jun-2020.