KUALA LUMPUR: AirAsia X Bhd (AAX) posted a whopping RM33.62bil in net profit in the third quarter ended March 31 (3Q22) as the carrier completed its debt restructuring.
Its revenue for the quarter stood at RM113.01mil.
In a filing with Bursa Malaysia, AAX said its debt restructuring was completed on March 16, which resulted in a write back of provisions and forgiveness of liabilities in the period, amounting to RM33.6bil.
ALSO READ: AirAsia X completes debt restructure, to write back RM33bil to profit
There are no comparative figures for the current quarter due to a change in AAX’s financial year-end from Dec 31 to June 30.
In the immediate preceding quarter (2Q22), AAX posted a net loss of RM11.94mil on revenue of RM119.31mil.
In the first nine months to March 31, AAX posted a net profit of RM33.46bil on revenue of RM331.59mil.
AAX said its debt restructuring took effect upon the lodgement of…
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