Wednesday, May 25, 2011

#Flash* MAS posts net loss of RM242.34m in 1Q

KUALA LUMPUR: MALAYSIAN AIRLINE SYSTEM BHD [] (MAS) posted net loss of RM242.34 million in the first quarter ended March 31, 2011 versus net profit of RM310.04 million a year ago as it was impacted by the fuel price surge and stronger ringgit.

The national carrier said on Wednesday, May 25 that revenue was RM3.19 billion compared with RM3.30 billion a year ago. Loss per share was 7.25 sen compared with earnings per share of 10.64 sen.

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