Friday, January 4, 2013

Afternoon Highlight (30/11/12/203/678) Brahim's Holdings sees 10% more revenue from F&B at KLIA2

Brahim's Holdings sees 10% more revenue from F&B at KLIA2

KUALA LUMPUR: Brahim's Holdings Bhd's could see an additional 10% in revenue contribution in the future from its food and beverage (F&B) division, with the opening of KL International Airport 2 (KLIA 2).

Last week, the company announced that its 51% subsidiary Dewina Host Sdn Bhd had won the tender by Malaysia Airports (Sepang) Sdn Bhd to operate a premium food court and a separate fast food outlet at KLIA 2.

The new food outlets will bring the total floor space that Brahim's already has in airport F&B outlets from about 1,900 sq m to about 4,600 sq m.

"As it is now, the F&B contributes about 3% to 4% in terms of revenue. But now with these new locations that we are getting, there will be an increase of about 10%," said Brahim's executive chairman Datuk Ibrahim Ahmad.

He expected good contribution to the company's bottomline moving forward, as passenger traffic at KLIA 2 was expected to be around 20 million in its first year of operations.

"This new KLIA 2 will contribute much more than we are doing now. For the past couple of years we have been getting topline of about RM35mil. With the new locations we should be able to do at least double that. So, probably total contribution would be between RM70mil to RM80mil," Ibrahim said.

Ibrahim hopes to see the full contribution in 2014.

Brahim's tenancy at KLIA 2 starts in May 2013 for three years. The company had earlier said it woul have an option to extend the tenancy for another two years.

Source : The Star

Date : 30 Nov 2012

Afternoon Highlight (30/11/12/203/678)

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