Bursa Announcements

Article Entitled: "AirAsia Sees Strong Growth"

BackMar 05, 2007


Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID ZM-070302-41198

Contents :

    We refer to your letter dated 2 March 2007 (Ref: ZM-070302-41198) regarding the above-captioned article appearing in The New Straits Times, Biznews, on Friday, 2 March 2007, in particular to Bursa's query on the phrase “…profit will increase at least 10% this year, ....”.

    As announced on 28 February 2007, for the first half-year year to 31 December 2007 (Financial Year 2007), AirAsia Berhad (“AirAsia” or the “Company”) had returned a group pre-tax and post-tax profit of RM105.0 million and RM226.6 million respectively. This represents a corresponding increase of 72.8% and 277.1% as compared to the same period in the last financial year.

    Therefore, in his response when asked by the reporter, Dato’ Anthony Francis Fernandes, AirAsia’s Group Chief Executive Officer, mentioned that based on the recent set of profit figures, the Company’s current operating performance and business environment, and barring unforeseen circumstances, the Company’s profit will increase by double digits for the full financial year ending 30 June 2007 would be a reasonable assumption to make.

This announcement is dated 5 March 2007.

Query Letter Contents :

We refer to the above news article appearing in The New Straits Times, Biznews,
page 47, Friday, 2 March 2007, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence
which is reproduced as follows:-
".......profit will increase at least 10 per cent this year,...."
In accordance with Bursa Securities' Corporate Disclosure Policy, you are
requested to furnish Bursa Securities with an announcement for public release
confirming or denying the above reported article in particular the underlined
sentence after due and diligent enquiry with all the directors, major
shareholders and all such other persons reasonably familiar with the matters
about which the disclosure is to be made in this respect. In the event you deny
the above reported sentence or any other part of the article, you are required
to set forth facts sufficient to clarify any misleading aspects of the same. In
the event you confirm the above reported sentence or any other part of the
article, you are required to set forth facts sufficient to support the same,
including the relevant basis and assumptions in arriving at the above forecast.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully

Head, Issuers
Listing Division
Group Regulations
TYE/ZM Copy: Encik Chung Tin Fah, Securities Commission


Announcement Info

Stock Name AIRASIA    
Date Announced 5 Mar 2007  
Category General Announcement
Reference No CM-070305-34506