Bermaz quarterly net profit falls to RM27mil


The official distributor of Mazda cars and spare parts said the lower domestic volume for the period was mainly attributed to softer sales towards the end of calendar year 2019 with minimal discounts being offered to the market as compared with the competitors.

KUALA LUMPUR: Bermaz Auto Bhd’s net profit for the third quarter ended Jan 31,2020 declined to RM27.15mil compared with RM81.01mil in the same quarter last year.

Revenue slipped to RM467.46mil from RM778.13mil due to lower sales volume from both domestic and Philippine operations, it said in a filing with Bursa Malaysia yesterday.

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