In its interim financial report, the company said it posted earnings of RM736.57mil compared to a loss of RM309.63mil a year earlier mainly due to the grant to the 50.1%-owned national carmaker and better financial performance of its operating companies
PETALING JAYA: DRB-Hicom Bhd
swung to profitability in the second quarter ended Sept 30, thanks in part to the recognition of the government’s RM1.1bil research and development reimbursement grant to Proton Holdings Bhd.
In its interim financial report, the company said it posted earnings of RM736.57mil compared to a loss of RM309.63mil a year earlier mainly due to the grant to the 50.1%-owned national carmaker and better financial performance of its operating companies.
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