Analysts expect DRB-Hicom’s earnings to improve

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: Analysts expect DRB-Hicom Bhd’s earnings improve following the completion of the 49.9% stake sale in Proton .

Kenanga Research has upgraded DRB-Hicom’s financial year 2018 (FY18) and FY19 earnings from loss to profit of between RM334.3mil and RM351.7mil.