By Sharen Kaur
sharen@mediaprima.com.my
Published in NST on July 14, 2104
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is in talks for a new concession to build and operate an Asian airport as it ramps up its overseas operations.
According to sources close to MAHB, the company is positive of securing the deal within the next six to nine months.
“MAHB is upbeat on this development.
Negotiations are ongoing and it is beyond the preliminary stage,” a source told Business Times after MAHB’s breaking of fast with the media, here, last Friday.
The source could not elaborate on the negotiations due to the sensitivity of the issue.
“Overseas expansion is part of MAHB’s plan to diversify its income stream and it is going beyond borders where there is growth potential,” the source said.
MAHB manages three international airports — Indira Gandhi International Airport in Delhi and Rajiv Gandhi International Airport in Hyderabad (both in India) and Sabiha Goksen International Airport in Istanbul (Turkey).
It recently raised its Sabiha International Airport stake to 60 per cent from 20 per cent.
MAHB also provides airport management services for the Angkor International Airport and Phnom Penh International Airport in Cambodia via a joint-venture arrangement with Aéroports de Paris Management S.A.
The source said MAHB is exploring new opportunities to manage other airports in Asia, including India and the Middle East.
“MAHB is already building up its management capabilities to address these businesses.
Officials have visited these markets to identify suitable investments in the commercial aspect
of things,” the source said.
Based on MAHB’s business strategy 2010- 2014 coded “Runway to Success”, the commercial focus starts with retail and land development, which has been ongoing. The final aspect is overseas ventures, which includes airport management, operations and investment.
MAHB’s integrated strategy is projected to drive financial performance with group earnings before interest, tax, depreciation and amortisation (Ebitda) of RM1.12 billion and return on equity exceeding 10 per cent in fiscal year 2014.
Its projected revenue growth is RM3.19 billion, but MAHB exceeded that last year.
Net profit and revenue for fiscal year 2013 was RM389.1 million and RM4.1 billion, respectively, while Ebitda was RM899.7 million.
sharen@mediaprima.com.my
Published in NST on July 14, 2104
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is in talks for a new concession to build and operate an Asian airport as it ramps up its overseas operations.
According to sources close to MAHB, the company is positive of securing the deal within the next six to nine months.
“MAHB is upbeat on this development.
Negotiations are ongoing and it is beyond the preliminary stage,” a source told Business Times after MAHB’s breaking of fast with the media, here, last Friday.
The source could not elaborate on the negotiations due to the sensitivity of the issue.
“Overseas expansion is part of MAHB’s plan to diversify its income stream and it is going beyond borders where there is growth potential,” the source said.
MAHB manages three international airports — Indira Gandhi International Airport in Delhi and Rajiv Gandhi International Airport in Hyderabad (both in India) and Sabiha Goksen International Airport in Istanbul (Turkey).
It recently raised its Sabiha International Airport stake to 60 per cent from 20 per cent.
MAHB also provides airport management services for the Angkor International Airport and Phnom Penh International Airport in Cambodia via a joint-venture arrangement with Aéroports de Paris Management S.A.
The source said MAHB is exploring new opportunities to manage other airports in Asia, including India and the Middle East.
“MAHB is already building up its management capabilities to address these businesses.
Officials have visited these markets to identify suitable investments in the commercial aspect
of things,” the source said.
Based on MAHB’s business strategy 2010- 2014 coded “Runway to Success”, the commercial focus starts with retail and land development, which has been ongoing. The final aspect is overseas ventures, which includes airport management, operations and investment.
MAHB’s integrated strategy is projected to drive financial performance with group earnings before interest, tax, depreciation and amortisation (Ebitda) of RM1.12 billion and return on equity exceeding 10 per cent in fiscal year 2014.
Its projected revenue growth is RM3.19 billion, but MAHB exceeded that last year.
Net profit and revenue for fiscal year 2013 was RM389.1 million and RM4.1 billion, respectively, while Ebitda was RM899.7 million.
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