Tuesday, August 23, 2011

#Flash* AirAsia 2Q net profit dn 47%, declares 3c dividend

KUALA LUMPUR: AIRASIA BHD [] recorded net profit of RM104.25 million in the second quarter ended June 30, 2011, a decline of 47.5% from the RM298.93 million a year ago. The low cost carrier declared its maiden dividend of 3.0 sen a share.

It said on Tuesday, Aug 23 its revenue declined 15.2% to RM1.07 billion compared with RM933.40 million a year ago. Earnings per share were 3.80 sen versus 7.2 sen.

For the first half ended June 30, 2011, its earnings were reduced by 34.7% to RM276.18 million from RM423.04 million in the previous corresponding period.

Revenue was however, 17.5% higher at RM2.12 billion compared with RM1.80 billion.

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