CIMB Research expects Mazda Malaysia, which is 30%-owned by Bermaz, to record stronger earnings growth from FY18 onwards.
PETALING JAYA: Lower sales and intense competition, as well as lower contribution from an associate, led to Bermaz Auto Bhd
’s net profit for the first quarter falling 50.8% from a year ago to RM20.2mil.
The automotive player also saw revenue for the period ended July 31 slid 20.7% to RM391.2mil.
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