MALAYSIA: Transmile posts smaller loss compared to 2007

Malaysian airfreight operator Transmile Group has posted a net loss of RM26.3 million for the third quarter ended 30 Sept, due mostly to an unrealised foreign exchange loss of RM24.6 million on US dollar loans taken by a subsidiary, it said. The net loss was lower than the RM84.8 million posted for the corresponding period […]


Malaysian airfreight operator Transmile Group has posted a net loss of RM26.3 million for the third quarter ended 30 Sept, due mostly to an unrealised foreign exchange loss of RM24.6 million on US dollar loans taken by a subsidiary, it said.

The net loss was lower than the RM84.8 million posted for the corresponding period 2007 and if the foreign exchange loss was excluded, the net loss was RM1.7 million, it said. Revenue for the quarter was RM68.1 million compared to RM104.8 million in the same period last year.

Transmile managing director Liu Tai Shin said revenue for the quarter was lower compared to the same quarter last year due to culling unprofitable routes flown by the company’s MD11 aircraft.