MAHB reported 81.2% increase in Q1 revenue over the corresponding quarter in the prior year to RM1.03 billion in tandem with the significant increase in passenger volumes. Revenue from airport operations increased significantly by 88.3% from RM510.2 million to RM960.7 million.
Accordingly, the airport operator registered a PBT of RM63.3 million in the current quarter versus RM150 million loss for the preceding year’s quarter. Against the previous quarter (4Q 2022), the group’s revenue for the current quarter increased by 3.1% against RM1,002.8 million recorded, PBT, however, was lower in the current quarter compared to PBT of RM445.2 million for the immediate preceding quarter. Higher PBT in the immediate preceding quarter was due to a reduction in utilisation fees arising from Force Majeure event in 2020 and 2021 (COVID-19 period) and a better share of results from joint ventures and associates
Aeronautical segment revenue increased from RM294.8 million to RM553.8 million as compared to the corresponding quarter in the prior year on the back of traffic recovery with total passenger traffic of 26.8 million passengers for the Group as compared to 14.7 million passengers in the corresponding quarter in the prior year.
Malaysia operations passenger traffic improved significantly to 18.7 million as compared to 8.3 million passengers in the corresponding quarter in the prior year. Overall, Malaysia’s operations had recorded a significant increase in revenue by 131.5% from RM273.1 million to RM632.2 million. Whereas, Türkiye and Qatar operations recorded an increase in revenue by 37.2% from RM275.1 million to RM377.4 million and 9.7% from RM22.6 million to RM24.8 million respectively.
