PETALING JAYA: Capital A Bhd
is confident of delivering improved returns and profitability to shareholders in 2024.
In a letter to shareholders via a Bursa Malaysia filing yesterday, chief executive officer Tan Sri Tony Fernandes said he remains hopeful of a downtrend in jet fuel prices by year-end, despite it rising in the first quarter amid continuing global geopolitical turbulence.
“I am also optimistic of a favourable shift in the US dollar against key Asean currencies, which alongside market expectations of further interest rate cuts in 2025 would be a significant boon for us, given that 70% of our costs are denominated in dollars.
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