AirAsia bags billion club award

August 24, 2017 by  
Filed under Lens Lines, Malaysia

SEPANG, 24 August 2017: AirAsia has been named Malaysia’s best company at The Edge Billion Ringgit Club 2017.

AirAsia won the coveted Company of the Year award based on its return to shareholders, growth in profit before tax and return on equity over three years as well as corporate responsibility initiatives.

AirAsia also received two other accolades for Highest Growth in Profit After Tax Over Three Years for Big Cap Companies with MYR10 Billion to MYR40 Billion Market Capitalisation and for Highest Growth in Profit After Tax Over Three Years for Trading/Services, Hotels, IPC and Technology.

AirAsia Berhad executive chairman, Datuk Kamarudin Meranun, received the Company of the Year award from Edge Media Group publisher and CEO, Ho Kay Tat, at a gala dinner at the Grand Hyatt Kuala Lumpur Tuesday.

AirAsia Group CEO Tan Sri Tony Fernandes said: “I’m super happy and super proud. These awards are given out based on actual results and numbers… And we will continue to create value as we enter new markets like China and Vietnam, realise cost savings from combining services through the One AirAsia exercise and eventually establish an Asean holding company. We will also continue our plan to monetise non-core assets and dividend most of it out, such as the sale of the training academy and leasing unit which will be concluded this year.”

The Edge Billion Ringgit Club was started in 2010 to recognise Malaysia’s top performing listed companies with a market capitalisation of above MYR1 billion.

Organised by The Edge Media Group, a total of 56 companies took home 81 awards celebrating the crème de la crème of corporate Malaysia and the most responsible organisations.

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