Capital A plans to exit PN17 after four consecutive profitable quarters - Tony Fernandes

TheStar Mon, Mar 30, 2026 03:46pm - 3 weeks View Original


Capital A CEO Tan Sri Tony Fernandes.

KUALA LUMPUR: Capital A Bhd is eyeing to exit its Practice Note 17 (PN17) status after achieving four consecutive quarters of profitability, said its chief executive officer Tan Sri Tony Fernandes.

He said the group expects to submit its audited financial statements by April 10, 2026 as part of the regularisation process.

"We are on the basis of four quarters of profit. I am sure the regulators would like to see the accounts audited, and we believe we will have our audited accounts by April 10,” he told a press conference today.

Tony added that Capital A will also submit its first-quarter management accounts to support its application to exit PN17.

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dennis lee
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The seven billion debt is still a concern.

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