Longer turnaround seen for Proton which is still making losses

PETALING JAYA: The turnaround of Proton Holdings Bhd under DRB-Hicom Bhd is expected to take longer than expected as the national carmaker continues to bleed red ink and see its market share shrink.

The drag on DRB-Hicom caused by Proton has seen some analysts trim their forecast earnings for the parent company as they don’t believe Proton would be able to reverse its fortunes by DRB-Hicom’s financial year 2015. Its financial year is from April 1 to March 31.