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MAHB slips into the red in 1Q amid Covid-19 travel restrictions

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KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) slipped into the red after posting a net loss of RM20.39 million for the first quarter ended March 31, 2020 (1QFY20), compared with a net profit of RM149.58 million a year earlier.

Revenue for the period was down 25.43% to RM933.84 million from RM1.25 billion, in tandem with the contraction in passenger movements of 23.9% due to the impact of Covid-19 pandemic and travel restrictions, the group said in its quarterly earnings result filing with Bursa Malaysia today.

Loss per share for 1QFY20 stood at 2.09 sen compared with earnings per share of 8.16 sen for 1QFY19.

More: https://www.theedgemarkets.com/article/mahb-1q-net-loss-rm20m-versus-rm150m-net-profit-year-earlier

Bursa Filing: http://mahb.listedcompany.com/newsroom/Announcement_Q1_2020.pdf

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