PETALING JAYA: DRB-Hicom Bhd
registered a net loss of RM19.7mil for the first quarter ended June 30, compared with a net profit of RM107.8mil a year ago, due to lower sales of motor vehicles by its automotive division. The vehicle maker expects a very challenging year.
For the quarter in review, the diversified conglomerate registered a decline of 20.7% in revenue to RM2.95bil from RM3.72bil previously, dragged down by its automotive and services divisions. Its loss per share stood at 1.02 sen compared with an earnings per share of 5.58 sen.
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