The company expects weaker sales for motor vehicles and properties in the fourth quarter of its financial year.
PETALING JAYA: DRB-Hicom Bhd
’s net profit for the third quarter ended Dec 31, 2014 plunged 93.6% to RM9.5mil from RM147.7mil in the previous corresponding quarter due to automotive promotions and incentives offered towards the end of 2014 as well as a higher tax rate.
In a filing with Bursa Malaysia yesterday, the firm said its revenue for the quarter rose to RM3.53bil from RM3.33bil a year ago.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
