Friday, February 25, 2011

#Flash* MAS 4Q earnings down 64.7pct to RM225.9m from RM640m yr ago

KUALA LUMPUR: MALAYSIAN AIRLINE SYSTEM BHD [] (MAS) posted net profit of RM225.92 million in the fourth quarter ended Dec 31, 2010, a decline of 64.7% from RM640.12 million a year ago.

The national carrier said on Friday, Feb 25 that revenue rose 8.2% to RM3.67 billion from RM3.39 billion a year ago. Earnings per share were'' 6.76 sen compared with 31.17 sen.

For FY10, it recorded net profit of RM234.47 million, down 54.9% from RM520.24 million in FY09. Revenue was higher by 17% at RM13.58 billion from RM11.60 billion.

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