CAPITAL A TO ISSUE INTERNAL TARGETS ALONGSIDE QUARTERLY RESULTS

KUALA LUMPUR, Feb 24 (Bernama) -- Capital A Bhd will issue internal targets along with its quarterly financial results in order to give shareholders and the investment community a clearer understanding of the company’s financial outlook.

The company said this move is part of its commitment to ensure transparency, accountability, and investor confidence.

“With most past uncertainties that previously impacted our business now behind us, the timing for this move is right. This initiative is designed to support sustainable growth and strategic decision-making,” chief executive officer Tan Sri Tony Fernandes said in a statement today. 

He said that moving forward, Capital A will issue internal targets alongside its quarterly financial results, outlining key assumptions and their potential impact on previously stated targets.

“Additionally, we will provide insights into external market factors beyond our control that may influence our financial performance, ensuring that the market remains well-informed about our evolving business landscape,” he said.

Capital A’s first internal targets will be shared alongside its fourth quarter of 2024 financial disclosures, scheduled for release later this week.

“These internal targets are solely management aspirations and do not constitute financial estimates, forecasts, or projections under Bursa Malaysia’s financial forecasting and disclosure standards,” the company said.

Capital A also noted the significant progress made on the disposal of its aviation business to AirAsia X and confirmed that it has been addressing queries from Bursa Malaysia regarding the Practice Note 17 (PN17) status.

The company is now awaiting a court date for confirmation on the proposed capital reduction under the disposal.

-- BERNAMA