Malaysia Airports Group Well-Positioned For 2022
Financial Discipline and Strong Traffic Momentum in 2021 Generates Positive Outlook for 2022
SEPANG – The Malaysia Airports Group has reported EBITDA of RM220.3 million for its financial year ended 31 December 2021 (FY21), a significant improvement compared to the negative RM1.2 million recorded over the same period last year (FY20). The significant improvement in Group EBITDA was largely due to financial discipline with core operating costs reducing by a further 11.2% or RM172.3 million in FY21 on top of the 26% or RM575.5 million reduction achieved in FY20.