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BRIEF-Capital A Bhd Posts Qtrly Loss Attributable 884.1 Mln RGT

reuters ·  Feb 28, 2022 05:16

Feb 28 (Reuters) - Capital A Bhd CAPI.KL :

* QTRLY REVENUE 717.1 MLN RGT VS 328.4 MLN RGT

* QTRLY LOSS ATTRIBUTABLE 884.1 MLN RGT VS LOSS OF 2.46 BLN RGT

* EXPECTS FURTHER EASING OF TRAVEL RESTRICTIONS WILL SUPPORT STRONG AIR TRAVEL REVIVAL IN THE COMING QUARTERS

* WE EXPECT THE CURRENT SALES MOMENTUM AND REDUCED CASHBURN TREND TO CONTINUE THROUGH 2022

* WELL POSITIONED TO RECOVER FAST AND TO SERVE SIGNIFICANT PENT-UP DEMAND FOR LEISURE TRAVEL THROUGHOUT YEAR AHEAD AND BEYOND

* WILL HAVE SUFFICIENT LIQUIDITY TO SUSTAIN BUSINESS OPERATIONS THROUGHOUT 2022

* AS AT 31 DEC 2021, DOCUMENTATION FOR RESTRUCTURING HAD BEEN COMPLETED FOR A TOTAL OF 81 AIRCRAFT

* WILL RECOVER FAST IN 2022 AS WORLD CONTINUES TO GRADUALLY OPEN UP.

* RESTRUCTURING OF LEASES RESULTED IN LEASE LIABILITIES BEING RECOMPUTED USING NEW LEASE TERMS AND REDUCED LEASE RATES

* AMOUNTS WAIVED WAS APPROXIMATELY 1,011.0 MLN RGT FOR FINANCIAL YEAR ENDED 31 DEC 2021

Source text for Eikon:

(Reuters.briefs@thomsonreuters.com)

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