DRB-Hicom boosted by sale of property, returns to the black

PETALING JAYA: DRB-Hicom Bhd returned to profitability in its third quarter ended Dec 31, 2016, boosted by the sale of property in Singapore. The conglomerate, however, was still in the red for the nine-month period due to losses in the automotive division.

The company recorded earnings of RM352.98mil for the quarter compared with net losses of RM186.18mil a year ago.

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