DRB-Hicom narrows Q4 loss to RM328.45mil

Pos boost: Pos Malaysia signage outside the Dayabumi Complex in Kuala Lumpur. The recognition of Pos Malaysia as a subsidiary of DRB-Hicom helps to increase the latter’s revenue. – Bloomberg

PETALING JAYA: DRB-Hicom Bhd has narrowed its net loss for the fourth quarter of financial year 2017 ended March 31, as its top line improved significantly on a year-on-year (yoy) basis.

In a filing with Bursa Malaysia, the firm announced that it has registered a 58.4% yoy lower net loss at RM328.45mil in the fourth quarter, in contrast to a net loss of RM790.76mil recorded a year ago.