Capital A sees 2023 a watershed year for business turnaround
KUALA LUMPUR (Dec 12): After being mired in the red for the last few years as demand for air travel was clobbered by Covid-19-related restrictions, Capital A Bhd is positive that the group is poised to see an earnings turnaround in 2023.
It incurred a loss of RM283 million in financial year 2019 (FY2019), which ballooned to RM5.89 billion in FY2020. In FY2021, it made a net loss of RM3.72 billion.……
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