APFT could get new core business

KUALA LUMPUR: Aviation training firm, APFT Bhd is undergoing a restructuring phase which potentially replaces the current core business.

In addition, the company, via the exercise, aims to return to the black in less than two years.

APFT executive director Edwin Silvester Das said APFT still has a lot of potential for growth despite making losses year-on-year.

“We hope to be profitable again in less than two years. Plans are underway to turn things around,” he told reporters here today.

He does not rule out the possibility of having a new core business that would replace the current business in the provision of training, education and services in civil aviation.

APFT, which goes in tandem with the airlines industry, began to fall into the red in 2012 and never returned to profitability since then. Its share price, reflecting its earnings performance, has also been on a downtrend.

Edwin, who was formerly the executive director of MQ Technology Bhd was brought in to oversee to help turn around the struggling company.

APFT traded within three-eight sen range for the past one year and its last high within the last five year was 63.5 sen on July 18, 2013.

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