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Malaysia Airports posts double-digit surge in retail revenues in H1

Malaysia Airports posts double-digit surge in retail revenues in H1

MALAYSIA: Malaysia Airports Holdings Berhad has reported a +15.9% leap in retail revenues year-on-year for the first half of 2017, to RM412.9 million (US$98 million). Non-aeronautical revenues at the group, which runs Malaysia’s major airports as well as having a stake in Istanbul Sabiha Gökcen Airport in Turkey, rose by +9.3% to RM981 million (US$233 million). Malaysia Airports attributed the growth to increased international passenger traffic (+15.1%) as well as higher spending from North Asian and ASEAN region passengers. Retail and F&B gross sales at Kuala Lumpur International Airport (KLIA) and low-cost terminal klia2 combined – the key locations for commercial activities at the group – reached RM1,022.5 million (US$242 million). Sales per passenger hit RM35.97 (US$8.53), a healthy +11.1% rise year-on-year.

Malaysia Airports’ retail arm Eraman posted revenue of RM356.2 million (US$84.5 million) across KLIA and klia2 in the half, up by +14%. Sales per passenger dipped by -0.5% however to RM12.53 (US$2.97). Malaysia Airports said: “Despite the higher revenue for Eraman arising from higher spending passengers and higher average prices of liquor and cigarettes, revenue per passenger dropped due to the relocation of [airline] Malindo on 15 Mar 2016.” Passenger traffic at Kuala Lumpur’s airports climbed by +14.5% in the half to 24.8 million, with international traffic rising +15.8% to 20.4 million. Total group traffic climbed by +9.5%.