MAHB Registers 8.7% Net Profit Growth On The Back Of 14.5% Growth In Revenue In 1H12
27 July 2012
Sepang, 27 July 2012 - Malaysia Airports continues to do well in its financial performance as reported during its Financial briefing at the Sepang Headquarters today. In the first half of 2012, Malaysia Airports revenue grew by 14.5% compared to the same period last year. Profit also grew by 8.7% over last year. The positive financial performance is a reflection of the growth in passenger traffic as well as commercial revenue.
Malaysia Airports had experienced a healthy growth in passenger traffic in line with the industry forecast. Its overall traffic growth for KLIA was at 4.8%, whilst the International traffic grew at a much higher rate of 5.1%. The Airports Council International (ACI) reported a global passenger traffic growth of 4.8% in May 2012.
Not only has Malaysia Airports seen an increase in passenger traffic, it has also experienced an increase in passenger spending at the airports, that contributed to higher commercial revenue for the company in the first half of the year. This is due to the improved product offerings and retail infrastructure available at the airports, as a result of the continuous Retail Optimisation Project implemented by Malaysia Airports since 2009. The airports now offer a new, exciting shopping experience, especially at KL International Airport (KLIA).
The commercial revenue is further boosted by the implementation of campaigns to promote shopping at the airports. Recently Malaysia Airports' launched its 2012/2013 Indulge Till You Fly (ITUF) Campaign effective from 19 July 2012 till 28 February 2013 at all international airports - KLIA/LCCT-KLIA, Langkawi International Airport, Penang International Airport, Kuching International Airport and Kota Kinabalu International Airport. In its third year running, the 2012/2013 ITUF Campaign underpins Malaysia Airports strategic move - to raise awareness that airports are lifestyle destinations with lots to offer, sometimes, more than downtown malls. This year's ITUF campaign offers RM1 million shopping spree as its grand prize.
The Asia Pacific passenger traffic continues to do well and posted a growth 7.1% in May 2012. This is a good indicator that the demand for global travel will continue to grow. Based on the positive outlook and the decreasing fuel prices, Malaysia Airports looks forward to achieve our expected year end passenger growth target of 6% - 7%.
In regard to klia2, the project is on track for completion date of April 2013 and remains at the cost of RM 4.0 billion. Malaysia Airports had received tremendous response beyond our expectation for the commercial offering at klia2. klia2 will offer an enhanced shopping, dining and relaxation experience aimed at heightening the vibrancy of the airport. It will also be a technology-driven, shopper-oriented travel and lifestyle hub infused with a youthful culture to deliver a unique experience to our airport users.