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Merc dealer incurs losses on reduced margin


“Although competition in the first quarter remained intense, the group was able to benefit from slightly improved trading sentiment and enhanced sales performance to deliver better results in both retail and after sales,” chairman Haslam Preeston(pic) said

“Although competition in the first quarter remained intense, the group was able to benefit from slightly improved trading sentiment and enhanced sales performance to deliver better results in both retail and after sales,” chairman Haslam Preeston(pic) said

PETALING JAYA: Mercedes-Benz dealer Cycle & Carriage Bintang Bhd sold more cars in the first quarter but consumers’ shift towards lower-end models, where competition is stiffer, resulted in compressed margins for the company.

It made a loss of RM2.69mil in the three months ended March 31 on a revenue of RM388.6mil.

Corporate News , Auto , C C Bintang

   

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