PETALING JAYA: Analysts remain optimistic about Bermaz Auto Bhd’s performance for the second half of financial year (FY) 2018 despite the carmaker’s net profit for the first half sliding 40.9% from a year ago to RM42.4mil.
CIMB Research noted that the drop in net profit was on the back of lower revenue, margin contraction from more sales incentives provided for the CX-5 run-out model to clear the stock, and weaker contribution from associates.
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