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New Straits Times
5 days ago
- Business
- New Straits Times
Capital A's Q1 net profit at RM689.6mil, reverses loss a year ago
KUALA LUMPUR: Capital A Bhd reported a net profit of RM689.6 million for the first quarter ended March 31, 2025, reversing a net loss of RM91.5 million in the same period last year. The turnaround was driven by growth across multiple segments, including travel, logistics, maintenance, repair and operations (MRO) services, and other travel-related businesses. Capital A's revenue rose 15.2 per cent to RM414.5 million from RM359.8 million a year ago, supported by broad-based improvements in both logistics and digital segments, as well as the group's ongoing diversification and expansion into non-airline ventures. No dividend has been proposed during the quarter. Capital A said it is nearing completion of a RM1 billion private placement. However, the process is pending consent from two remaining aircraft lessors and approval from Thailand's Securities and Exchange Commission, which has faced some delays. "As a result, the overall timeline is expected to shift, with completion now targeted by the third quarter of 2025," it added. Sharing its outlook on aviation, the group expressed confidence in sustained travel demand across major Asean markets for the rest of the year, supported by the summer peak period, May-June school holidays, and upcoming festive seasons. With jet fuel prices projected to stay favourable in the near term, Capital A plans to increase capacity to cater to the strong demand, offering competitive fares to grow market share while ensuring high load factors. "In Malaysia and Thailand, domestic resilience is being strengthened through revised pricing strategies and proactive capacity management. Improved performance is also expected in Indonesia, the Philippines and Cambodia. "This is underpinned by ongoing network optimisation and a more strategic balance of domestic and international routes, maximising aircraft utilisation and operational efficiency," it said.
New Straits Times
22-05-2025
- Business
- New Straits Times
DRB-HICOM records RM17.7mil net profit in Q1
KUALA LUMPUR: DRB-HICOM Bhd recorded an 80.6 per cent decline in net profit for the first quarter ended March 31, 2025 to RM17.7 million from RM91.5 million in the same period last year. This was attributed to reduced revenue across major segments, coupled with higher depreciation and amortisation expenses. According to its filing on Bursa Malaysia, DRB-HICOM's revenue for the quarter slipped five per cent to RM4.11 billion from RM4.33 billion. This was mainly impacted by lower sales of Proton vehicles and lower contributions from its manufacturing and engineering businesses. No interim dividend was announced for the financial period. DRB-HICOM said it continues to prioritise digital transformation in core sectors like banking and postal services, aiming to enhance operational efficiency through these ongoing initiatives. "In other areas, including aerospace and defence, services, and properties, the group continues to strengthen business fundamentals to support resilience and long-term sustainability. "The group anticipates a moderate outlook for the financial year ending Dec 31, 2025," it added.
