MBM net profit down slightly on lower motor sales


PETALING JAYA: Automotive outfit MBM Resources Bhd’s net profit for the second quarter ended June 30 slightly slipped to RM31.2mil against RM37.1mil a year ago due to lower sales of its motor trading division.

This was in line with the marginal decrease in revenue for the quarter that fell by 1.4% to RM565mil from last year.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Automotive , MBM , 5983

   

Next In Business News

Gold set for second weekly fall; US payrolls on investors' radar
MARC Ratings revises Tropicana’s ratings outlook to stable
Asian currencies, stocks strengthen as Fed hints dovish stance
ACE Market-bound Ocean Fresh signs underwriting deal
Oil prices set for steepest weekly drop in 3 months
DNB board to meet next week, to recommend 5G second network directions
Thai April inflation rises slightly, first time in 7 months
F&N allocates RM1.7bil capex for Phase 1 dairy farm project
Naza Group completes acquisition of 100% stake in Berjaya Enviro
Asian stocks surge; yen extends gains to cap wild week

Others Also Read