Cycle & Carriage Q3 earnings slips 2.6% to RM3.3mil


KUALA LUMPUR: Cycle & Carriage Bintang Bhd’s earnings in the third quarter ended Sept 30, 2014 slipped 2.6% to RM3.3mil from RM3.4mil in the same period a year ago, although revenue was up 27.1% to RM222.9mil from RM175.3mil.

The company said severe margin pressure on its key E-class model, alongside reduced sales and margins of outgoing C-class model, continued to impact performance.

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