MAHB incurs RM319.7m loss in Q3 as revenue falls 71pct

Malaysia Airports Holdings Bhd (MAHB) continued to post losses this year with a net loss of RM319.72 million in the third quarter (Q3) ended Sept 30 versus a net profit of RM197.87 million in the same quarter in 2019.

This was due to a 70.7 percent drop in revenue to RM396.69 million from RM1.36 billion a year earlier.

Malaysia, Turkey and Qatar operations recorded a decrease in revenue of 73 percent, 67.7 percent and 45.5 percent, respectively, it said in a...