High foreign exchange (forex) loss on borrowings widened AirAsia X Bhd’s (AAX) net loss for the first quarter ended March 31 to RM125.92mil from RM11.28mil a year earlier.
The long-haul, low-cost carrier, whose revenue rose 3.5% to RM775.37mil, told Bursa Malaysia that it made forex loss of RM87.2mil during the quarter compared to a forex gain of RM10.1mil in the corresponding period last year.
In the three months under review, the group also recognised a net tax expense of RM8.6mil compared to a net tax allowance of RM36.8mil in the same period in 2014.
AAX closed 1 sen lower at 26.5 sen on Thursday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
The long-haul, low-cost carrier, whose revenue rose 3.5% to RM775.37mil, told Bursa Malaysia that it made forex loss of RM87.2mil during the quarter compared to a forex gain of RM10.1mil in the corresponding period last year.
In the three months under review, the group also recognised a net tax expense of RM8.6mil compared to a net tax allowance of RM36.8mil in the same period in 2014.
AAX closed 1 sen lower at 26.5 sen on Thursday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment