5 May 2015
Malaysia Airports Holdings Bhd (MAHB) will bid for the maintenance job at the King Abdulaziz International Airport, Jeddah (Saudi Arabia), its Chairman Tan Sri Wan Abdul Aziz Wan Abdullah said today.
The airport operator has already been pre-qualified for the job.
"(However) the (tender) document has not been issued yet," he told reporters after the MAHB's 16th annual general meeting today.
Wan Abdul Aziz said in the meantime, MAHB would explore other business opportunities abroad.
He said MAHB's international expansion is not limited to an equity acquisition in potential businesses, but also exporting its services.
Recently, via its unit, Malaysia Airports Consultancy Services Middle East,
MAHB secured a RM23.58 million contract at the New Doha International Airport (NDIA) in Qatar.
The contract is for the provision of facility management services for the NDIA project office, NDIA mock-up warehouse and associated facilities at the NDIA Steering Committee project office in Doha.
Moving forward, Managing Director Datuk Badlisham Ghazali said the stronger Asia Pacific aviation industry would be a major catalyst for MAHB to attain its earnings before interest, tax, depreciation and amortisation target of RM1.55 billion for the financial year ended December 31, 2015.
He said rising business confidence and robust growth in key emerging markets such as the ASEAN region, also appears to be in favour of MAHB.
Coupled with this and the klia2 being fully operational, Badlisham said MAHB’s performance is expected to be enhanced further from this year onwards.
Meanwhile, MAHB's pre-tax profit rose 50.8% to RM834.2 million for the financial year ended December 31, 2014 from RM553.2 million, mainly due to the gain on bargain purchase and adjustments on fair value of investments.
Revenue, however, declined to RM3.34 billion from RM4.1 billion. – Bernama, May 5, 2015.
Original Source: www.themalaysianinsider.com