DRB-Hicom cuts net loss by 27% to RM101mil

KUALA LUMPUR: DRB-Hicom Bhd cut its net loss by 27% year-on-year to RM101.35mil for its first financial quarter (Q1) ended June 30, thanks to lower losses by subsidiary Proton Holdings Bhd and a higher profit contribution from Pos Malaysia Bhd.

However, loss attributable to DRB-Hicom’s owners was little changed – from RM169.3mil a year earlier to RM169.71mil in the quarter under review.