KUALA LUMPUR: Malaysia Airports Holdings Bhd's shares were actively traded when the market opened for the afternoon session on Tuesday, May 31 after its net profit for the first quarter ended March 31, 2011 rose 20.48% to RM88.12 million from RM73.14 million a year earlier, on the back of higher revenue.
At 2.45pm. MAHB rose 42 sen to RM6.98 with 8.98 million shares traded.
Revenue for the period jumped to RM610.39 million from RM498.61 million in 2010, due mainly to the adoption of IC 12 which resulted in recognition of RM155 million CONSTRUCTION [] revenue in relation to the construction of Klia2 and expansion of Penang International Airport as compared to RM62.2 million recognised in the same period last year.
Earnings per share was 8.02 sen while net assets per share was RM3.09.
At 2.45pm. MAHB rose 42 sen to RM6.98 with 8.98 million shares traded.
Revenue for the period jumped to RM610.39 million from RM498.61 million in 2010, due mainly to the adoption of IC 12 which resulted in recognition of RM155 million CONSTRUCTION [] revenue in relation to the construction of Klia2 and expansion of Penang International Airport as compared to RM62.2 million recognised in the same period last year.
Earnings per share was 8.02 sen while net assets per share was RM3.09.
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