In-flight caterer Brahim's Holdings expects to register profit in the current financial year ending Dec 31, 2016 (FY16) as the company eyes new airlines as potential clients.
Brahim's executive chairman Datuk Seri Ibrahim Ahmad Badawi said the company, which aimed to report "substantial" profit in FY16, was also expanding its army rations production abroad.
"We are eyeing to turn our operations around in FY16, over time. It won't be a complete turnaround because we made massive losses, but it will still be quite substantial," he told reporters today.
Brahim's is currently serving 37 airlines, including British Airways, Malaysia Airlines Bhd and AirAsia Bhd.
Ibrahim said new airlines entering the Malaysian market would usually approach Brahim's.
"When Malaysia Airports Holdings gets new airlines in, chances are that they will talk to us. We are expecting at least three or four new airlines to come in, but we are not sure whether they will be working with us in the future," he said.
Meanwhile, Brahim's is reducing its dependence on the airline-catering business. Ibrahim said the company had commenced the manufacturing of army rations two months ago via its factory in Jordan.
"Now is the time to look out for opportunities, not just locally but overseas as well. All the while, about 80% or 90% of our operations were concentrated on the airline business. We will work to reduce it to 50% or 60% in the future," he said.
report will be out soon !!!! price already moving from 89.5 sen to 93.5 sen. let 's hope the coming result is at least profitable. then price will move higher!!!!
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theavengers
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Posted by theavengers > 2015-12-19 00:12 | Report Abuse
Today have annoucement...any impact on monday?