SEPANG: Malaysia Airports Holdings Bhd (MAHB) net profit fell to RM112.78 million in the third quarter ended September 30 2013 from RM113 million in the same period last year after it paid out a higher fee to the government.
Chief financial officer Faizal Mansor said it made a one-off higher user fee of RM36.2 million was paid to the government.
Group revenue rose 14.7 per cent to RM972.72 million from RM754.27 million a year ago, mainly due to aeronautical revenue, which improved by 18.6 per cent on the back of a strong increase in passenger aircraft numbers.
Higher landing and parking charges of nine and 18 per cent per annum, respectively, also helped in growing its coffers.
The airport operator recorded an overall passenger growth of 16.6 per cent in the first nine months of 2013 with a total of 57.3 million passengers. Both international and domestic passenger movements in the main terminal building (MTB), low-cost carrier terminal (LCCT), Kuala Lumpur International Airport (KLIA) and other airports nationwide saw a strong growth at 16.4 per cent and 16.9 per cent, respectively.
Faizal said the drivers for the strong overall passenger growth include higher demand for air travel, Malaysia Airlines Systems Bhd (MAS)'s entry into oneworld alliance in February and the entrance of new airlines such as Malindo Airways Systems Bhd (Malindo Air).
He said the increase in domestic movements are mainly due to MAS' increased capacity in its networks, as well as the presence of hybrid carrier Malindo Air since March.
Moving forward, Faizal said MAHB remains optimistic about the fourth quarter of 2013 as passenger growth remains strong, especially towards the year-end holiday season.
"In the last 10 years, we have been focusing on making MAHB a strong company and we will continue to do so in the coming years," he said, adding that the airport operator is also looking to invest in airports overseas, such as in Myanmar and the Philippines.
The airport operator recently won a tender to upgrade Myanmar's Yangon International Airport along with its counterparts from China and Singapore.