Malaysia Airports Holdings Bhd (the Group) saw good growth for first half of 2017 (1H17) for both earnings before interest, tax, depreciation and amortisation (EBITDA) and group passenger traffic with an increase of 10.6% and 9.5% respectively. The Group registered a 10.6% increase in EBITDA when compared with the first half of 2016 (1H16).
The 1H17EBITDA of RM962.3 million represented 53.6% of the Group’s annual EBITDA target for the financial year ending 31 December 2017.
AWC Bhd’s wholly-owned Facilities Division subsidiary, Ambang Wira Sdn Bhd (AWSB) was awarded a Subcontract worth approximately RM42.4 million (including Goods and Services Tax) from Jabatan Kerja Raya (“JKR”), for the maintenance of Blocks WP1 & WP2 of the Kementerian Luar Negeri (KLN) or the Ministry of Foreign Affairs in Putrajaya.
The tenure of the Subcontract is for five years from 1 August 2017 until 31 July 2022 and covers all the blocks utilised and occupied by KLN in Putrajaya. This award further enhances the Facilities Division and the Group’s overall existing order book and is expected to contribute positively to the Group’s earnings.