AirAsia has received two prestigious awards at The Edge Billion Ringgit Club 2018 for its strong profit growth over the past three years.
The awards were for Highest Growth in Profit After Tax Over Three Years for Big Cap Companies with RM10 Billion to RM40 Billion Market Capitalisation and for the Highest Growth in Profit After Tax Over Three Years for Consumer Products and Services.
Dato’ Fam Lee Ee, AirAsia Group Berhad Board of Director accepted the awards from OCBC Bank Malaysia Bhd CEO Ybhg. Dato’ Ong Eng Bin and The Edge Group Publisher and CEO Ho Kay Tat at a gala dinner held at the Mandarin Oriental Kuala Lumpur last night.
AirAsia Group Executive Chairman Datuk Kamarudin Meranun said, “These awards are timely as we have just celebrated our 17th anniversary. These accolades reflect our commitment to building a strong, profitable business and delivering the very best value to our shareholders, who have believed in AirAsia’s unique proposition since we went public in 2004.
“And we will continue our journey in excellence as we transform into a travel technology company that will see AirAsia expand beyond flights into a full travel and lifestyle offering, with a digital backbone that will allow us to create a mobile, seamless, more customised experience. Already our e-commerce arms RedCargo and RedBox have shown positive revenue within just a few months, and we foresee RedBeat Ventures contributing a larger share of earnings as we build up our digital ventures.”
The Edge Billion Ringgit Club was started in 2010 to recognise Malaysia’s top performing listed companies with a market capitalisation of above RM1 billion. There are 184 members in the club this year.
Organised by The Edge Media Group, a total of 42 companies took home 59 awards celebrating the crème de la crème of corporate Malaysia and the most responsible organisations.
In 2017, AirAsia was named Malaysia’s Best Company at The Edge Billion Ringgit Club 2017 and received two other accolades for Highest Growth in Profit After Tax Over Three Years for Big Cap Companies with RM10 Billion to RM40 Billion Market Capitalisation and for Highest Growth in Profit After Tax Over Three Years for Trading/Services, Hotels, IPC and Technology.