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Judul : AirAsia dips 1.60% after decline in 1Q earnings, dismissing merger with AAX
link : AirAsia dips 1.60% after decline in 1Q earnings, dismissing merger with AAX
AirAsia dips 1.60% after decline in 1Q earnings, dismissing merger with AAX
KUALA LUMPUR (May 26): AirAsia Bhd shares dipped 1.60% in early trade today after the low cost carrier reported a decline in net profit by 17.6% year-on-year (y-o-y) to RM615.8 million in 1QFY17.
At 9.41am, AirAsia fell 5 sen to RM3.08 with 5.94 million shares traded.
Excluding forex gain, tax incentive and one-off items (i.e. loss on mark to market derivatives of RM63.4 million, gain on re-measurement and negative goodwill on consolidation of RM214.4 million and RM127.3 million respectively), its core net profit stood at RM297.8 million (-28.9% y-o-y).
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