Lower revenue and compressed profit margin pushes down BAuto earnings

The growth in Malaysia was driven by the new CX-3 model, while the Philippines market reacted positively to the Mazda2 and CX-5 models.

PETALING JAYA: Bermaz Auto Bhd (BAuto) registered a net profit of RM22.21mil for the fourth quarter ended April 30, 2017 (Q4FY17), bringing its full year net profit to RM119.05mil.

Net profit for Q4FY17 was a 57% drop from the corresponding period last year due to lower revenue and compressed profit margin as the ringgit continues to weaken against the yen.