MAG announces record RM1.15b in net profits

The Malaysia Aviation Group (MAG) recorded a net operating profit of RM556 million for the financial year 2022.

Its net loss after interest and tax for the year was reduced by 79 percent to RM344 million from RM1.65 billion a year ago.

Its cash balance stood at RM4.6 billion at end-Dec 31, 2022...