MBM Resources sees improved net profit

DESPITE challenges, auto company MBM Resources Bhd expects to register continued improvement in net profit this year, backed by spillover demand from the previous year and new vehicle models to be launched this year.

Managing director Looi Kok Loon said it was inevitable that global economic pressures such as higher material costs had resulted in rising costs for the group but it had undertaken counter measures by gaining better production efficiencies.