Malaysia Airports' Q3 earnings surge over 7 times

PETALING JAYA: Malaysia Airports Holdings Bhd's (MAHB) net profit for the third quarter ended Sept 30, 2017 jumped more than seven fold to RM79.69 million from RM10.68 million a year ago, thanks to strong revenue growth driven by both airport and non-airport operations.
The group's revenue for the current quarter under review grew 12.7% to RM1.2 billion over the corresponding quarter in 2016 of RM1.08 billion.
For the nine months period, net profit rose more than five times to RM208.63 million from RM37.07 million a year ago, while the group's revenue for the financial period-to-date under review grew 10.1% to RM3.41 billion against RM3.09 billion.
MAHB close 0.12% higher at RM8.24 with 1.85 million shares traded.